GOLD this week
Here's my perspective on the swing trend for GOLD.
I anticipate the 1990 level to be solid. I've liquidated all my BUY orders (from 1965-area) approximately in the 1985-1986 region, retaining only the SELL orders (Sell from 1970-1975 area).
Should the price cross the 1990 threshold, I'll close the SELL orders, resulting in a breakeven overall trade.
I will close 50% of my SELL orders around 1950-1950 and move SL to entry.
1920 is my ultimate target.
I anticipate the 1990 level to be solid. I've liquidated all my BUY orders (from 1965-area) approximately in the 1985-1986 region, retaining only the SELL orders (Sell from 1970-1975 area).
Should the price cross the 1990 threshold, I'll close the SELL orders, resulting in a breakeven overall trade.
I will close 50% of my SELL orders around 1950-1950 and move SL to entry.
1920 is my ultimate target.
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