Gold is closing down @1246 so it would better to assess the situation on Sunday to decide whether to close longs or hedge positions accordingly. Remember that NK may be a no show and then a further correcion can take place. I would have expected Gold to close at least above 1350 but it did not occur so just watch and move your SL to breakeven if possible at the opening on Sunday. The weekly chart is very constructive but the daily chart still may correct to down to 1333. (See chart on the right). I´m long @1348 SL @1335 but I will reassess the short term outlook on Sunday too. Have a nice weekend.
Did you mean long @1348 sir?
ReplyDeleteYes, I did. Thank you for pointing it out.
DeleteThank you cesar, happy weekend ppl!
ReplyDeletestill have open position brother?
DeleteYes, at 1349 I hope to take profits on sunday
DeleteTodos esperamos lo mismo querido Jorge. I hope we all take profits.
DeleteWhere are you from julio? De donde eres?
ReplyDeleteCuernavaca, Morelos, Mexico. What about you my friend?
DeleteSinaloa.
DeleteNice to find a fellow countryman in this endeavor. Saludos amigo.
DeleteSaludos
DeleteI'm on Long at $1347. What time does the market open on Sunday ? Thanks
ReplyDelete6pm (edt)
ReplyDelete