WIN
Gold +10 Profits & Next MoveCurrently gold is consolidating in this triangle formation. We executed a quick trade on the bottom support with a TP at 1888 top of resistance for a trade before the weekend. We will now stop all trading to secure this weeks profits and wait for a break of this triangle.
We are still buyers following the bullish trend looking for the best levels to buy in. Be sure to enter the correct areas. Always have a PLAN B & Stop loss on every trade.
GOLD +9 Profits in a Row & Next MoveAfter Smashing Profits on our TP1 & TP2 we look for our next move.
Gold has turned very bullish and looks to break 1900 and beyond.
I would use pull backs for entries but make sure you enter the correct areas or you will be easily stopped out.
Of course always have a Plan B if we turn bearish but I do not see that happening after the Fed news and the momentum of Gold currently.
GOLD +8 Profits in a row & Next TradeOur team played the breakout from the H&S Pattern securing 1833 - 1850 profits. We re-entered at 1852 with a TP1 1858 TP2 1860. Posted in our previous posts.
Now we are looking for re-entry. Do not enter here. If we fall Back to a strong support that can be good re-entry. If we break a strong resistance that is also a good entry point.
Ultimate target 1900. Happy Trading.