GOLD / ∂ at 1285, and extra $ at 1307.
アップデート済
Holding May 4, 1229, May 5, 1233, and Yesterday opened at 1263 - positions.
Pivot for Tuesday and Wednesday ( today ) is 1260 and Gold could not break it to get to 1255. I am still expecting it, but it may not come. If so then small retrace is done and gold can continue to reach the target. Two rejections, no clear break... But still, if goes for 3rd attack can break it and reach 1255.
1275, shown in previous ideas - become less important, since Last Friday close generate - ∂ type target 1285.
1285 is pretty strong level, where you can consider to book the profits.
Personally, I will wait out till 1307.
So it's basically up to you, stay until the end or grab the cash at 1285, after 1285 - 1307 is extra with 22$ in it.
And of course, it still remains as a target, just from a different strategy.
Pivot for Tuesday and Wednesday ( today ) is 1260 and Gold could not break it to get to 1255. I am still expecting it, but it may not come. If so then small retrace is done and gold can continue to reach the target. Two rejections, no clear break... But still, if goes for 3rd attack can break it and reach 1255.
1275, shown in previous ideas - become less important, since Last Friday close generate - ∂ type target 1285.
1285 is pretty strong level, where you can consider to book the profits.
Personally, I will wait out till 1307.
So it's basically up to you, stay until the end or grab the cash at 1285, after 1285 - 1307 is extra with 22$ in it.
And of course, it still remains as a target, just from a different strategy.
ノート
Elaborating:1285 is pretty strong level, where you can consider to book the profits.
It is strong within this Month. Today is the last day in this month, tomorrow is a new month, so 1285 become weak because new month new key levels. That being said, if 1285 would be reached today, you could consider taking profit. If 1285 is reached in the new month, it is weak, and not a key level anymore.
ノート
And I do agree with people saying that getting over 1300 is hard. 1200-1300 is extraordinary supply/demand zone, where everyone is willing to sell gold for the given price, and buy gold for the given price, and there are a lot of other factors, so getting to 1307 is huge and far away. But on the other hand, you can never know...Sometimes it takes couple rockets sent to Korea during the night or any other sudden situation such as sudden impeachment issue ( regarding our dear President Trump ), that's not the point, the point is - unexpected, sudden, at any moment.
S.... happens sometimes.
GL in next upcoming month.
ノート
If you open new trade with me yesterday around 63 you can move SL to BE if you want to eliminate the risk.ノート
1265 broken, should reach 1270.ノート
1270 reached if break - 1275.ノート
Paris Climate Deal Live.youtube.com/watch?v=kGtZcVboA5M
ノート
For 1263 SL moved to BE.Today 1285 was too much asked for, keeping the fight on for next week.
I spotted new target 1251 on gold, then 1256 the next day.
There are some things to do before they become valid, meanwhile waiting for 1285 and extra 22$ at 1307.
Have a great weekend.
トレード終了: 利益確定目標に到達
Congrats. We hit 1285. U can take profit here if u want.I will not yet.
For 1229 buy SL is moved to 1250
For 1233 buy SL is moved to 1250
For 1263 buy SL is moved to BE.
And I have made a new entry at 1279 with no SL yet, will see how it goes.
Will Gold give the extra from now?
ノート
Ne entry 1279 is made based on last quickie idea setup.
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