GOLD, my long position, day two! – 'LIVE'
I decided to protect my position with BE now. Why? As you can see, 1191 level provides a solid support today and as I see it, possible fall bellow could put my SL in danger at 1185. That’s why I don’t have reason to riks my trade any more. During the Asian sesion, gold didn’t move much, hold on the way up with minor M30/H1 down trendline, but nicely supported at 1191. In the morning, European sesion wake up the buyers and they are trying to push the gold true the MA100 & 200. Yesterday’s high at 1197 could be a minor resistance as well, but the real test for the bulls could be 1200/02 level. Previous strong resistance from May 05. and stronger down trendline is waiting there. It would be great if we can brake that soon. C’mon bulls!
1200/05 must be broken today, right. Great entry Mario.
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Sellers literally ‘sitting’ on MA200 for now. 🙂