Based on my previous post, where I sold gold, I made mention of taking my profits at the weekly pivot S1. It just got there now, and as a result, I've closed that my sell position. It gave me 80 pips profit.
How I initially planned to play the trade was to close half position, but I closed all because the resistance turned support on weekly time frame seems to be holding. If it closes below it, it means we had a fake breakout, commonly known as a fackey. But ones it stays above it, I will keep on looking for more opportunities to buy this precious metal.
Stay tuned for more trade updates and alerts.
How I initially planned to play the trade was to close half position, but I closed all because the resistance turned support on weekly time frame seems to be holding. If it closes below it, it means we had a fake breakout, commonly known as a fackey. But ones it stays above it, I will keep on looking for more opportunities to buy this precious metal.
Stay tuned for more trade updates and alerts.
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