First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You job is to stay in the game.
We are watching the 1270-72 level. We are now trying to push this trade as far as possible.
Kainat_Hashmi_KainatHashmi
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i think gold is going to cross 1300...... am i right??
OffTheFloorTrader
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Only time will tell. We do not try to predict where it will reach. We can only find a good spot to enter the market and manage the trade. If it gets to 1300, awesome. If not, we will take what the market provides and look for the next opportunity. Hope it helps!