On Wednesday 9.8.2017, I published an idea to Long Position in Gold from around 1264 - 1267.
Right now, the movement still on track for my Long Position. Gold closed above the 0.618 Fibonacci Retracement around 1290.16.
My position now is still floating profit around +26 pts.
I am pretty sure the price will continue to surge for try to break the last resistance @1296.
I'm going to move my Stop Loss to around 1271 - 1272 on monday, this is going to keep our profits if the market move to the South.
Based on weekly chart information, I sense for another surge in the next week movement and this time might break the last resistance. Because Gold closed above the Resistance Line of Symmetrical Triangle.
Which is giving us a maximum power for goes up to around 1310 - 1312.
Good luck and maintain your long position in Gold.
Keep your Stop Loss in the profit area and happy trading.
Please click " like " if you see this idea helpful.
Thanks!!!
Right now, the movement still on track for my Long Position. Gold closed above the 0.618 Fibonacci Retracement around 1290.16.
My position now is still floating profit around +26 pts.
I am pretty sure the price will continue to surge for try to break the last resistance @1296.
I'm going to move my Stop Loss to around 1271 - 1272 on monday, this is going to keep our profits if the market move to the South.
Based on weekly chart information, I sense for another surge in the next week movement and this time might break the last resistance. Because Gold closed above the Resistance Line of Symmetrical Triangle.
Which is giving us a maximum power for goes up to around 1310 - 1312.
Good luck and maintain your long position in Gold.
Keep your Stop Loss in the profit area and happy trading.
Please click " like " if you see this idea helpful.
Thanks!!!