Here I am again, +200 pips trade on gold!
Amaizing gold trade today, with very low -30 pips risk and 200+ pips target, closed just bellow my TP. This was 1:7 RR ratio setup, with entry at 1273.37, SL at 1270, TP at 1295.00. I decided to close the position at 1291.13 after my TP was missed for only 2 usd or 20 pips. It looks like that target coud be reach anyway latter, but it’s enough for me, there is no point for risk this trade any more. I waited yesterday for gold to aproach previous support at 1272 and open the position with protection near bellow. Gold slowly rise over the trendline during the Asian sesion and push strongly after Europen opening, after my target area was reach quickly. As I wrote on my previous gold analysis, gold is heading up firmly, step by step! Let’s wait another opportunitie.