🏆 Gold Positioning Update & Additional Buy-Limit 🏆
Updated
Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.
Trade active
Comment
+720 pips Trade active
Closed 90%, leaving the remainder open until target or breakeven.
Comment
Although the upside I've waited almost 20 days for is less than 1/3rd of a percent, it's nice to cut 90% early and see the gains hit my account. Time for a withdrawal ;)Trade closed: target reached
Upside monthly target of $1,800 hit. Well done to all that held this trade with mme over the last 19 days. This was a +4.52%—marginalized, +777.9 pips.
I expect consolidation to occur at these prices, and for $1,800/oz to be rejected once or twice, before becoming solid support going forward, where I'll be looking to $2,000 per oz!
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