I think with general uncertainty around the Russia/Ukraine situation that money will flow into gold for now.
the drop on gold 2 weeks ago hit me and took half my account as i did not follow my own rules. not to worry as it was a separate account to my main trading but was just a shame to see the gains gone so fast. was a quick learning curve. would be goode to see gold back in to the upward trend in the current climate situation
Good morning all, little update today. Checking back in on Gold and happy to report our trade is going well. As we can see price has continued in our desired direction. We have peaked at just over 300 pips in profit for over 1:2 R:R so if you followed its time to secure your position, and possibly close off some profits of your original position and let the rest run its course. As until the high to the left is broken we could still see a pullback in price. But naturally we should see a bearish day, but don't be worried it is natural market movement. We may find dynamic support form the moving average for further continuation. So secure the bag and let's keep watch on this one. GLIYF
If you are in profit, set profit stops now. Tomorrow might shake up the gold space. 0830 Eastern Standard Time. Watch for it.
Good morning all, happy to report today TP1 zone on GOLD has been hit. So far we have achieved 770+ pips for a 1:6 R:R. Gold has steamed ahead recently showing strong bullish momentum. Currently we sit in the supply zone area where price has previously dropped back from, but it does currently look like its going to be broken. This time I would like price to pullback but not as deep, hopefully to the demand area at 1830 before another push upwards. That way we can add another stacked position to what look's like a continuing bullish trend for GOLD . As always take your profits now and look to re enter, or as I am doing closing half of my position and letting the rest run. GLIYF
Wonder when the Russian selloff of their gold assets will start happening to prop up their economy against tighting sanctions
Good morning all. Another update today on our GOLD position. if you follow my setups you'll know I left a runner on Gold and im glad did. Look at the incredible bull run we have seen. Currently our position sits at 2472 Pips in profit and it looks like could well make a new ATH . My idea for closing my runner is if we do manage to make a new all time high then I will close. As then I will expect a pullback in price before more continuation. So then we can look for a possible sell before we look to buy back in at a cheaper price. I have read some big players expect gold to hit $3K/$4k/$5K an ounce in the future for the precious metal, due to its physical insurance nature, especially with the rise in Crypto. This will maintain power for the big boys at the top in that battle. So If you followed keep watching for that ATH and get ready to close for good returns, or do so now if you wish to. Will update again on the next move. GLIYF
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