DislikedBro, i have a very bad condition now, -$1000 i sold gold at 1309, because of wednesday report, i tought it will break 1304. what do you think about gold today? will it come down?? and how if its come down, how far can it goes?? i put a SL @ 1323, how if it breaks 1323??and again how far can it goes? please help... i need ur advice...Ignored
Mate, Gold can be a real bitch. To trade gold you need deep pockets & wide stops. I believe gold will come down & very soon. However Spike retraces up to 1325 can still be expected. I would move your stop loss to 1330 if you can. I'm targeting 1303 on the way to 1266 but expect the unexpected on the way, it's a very manipulated pair. cheers.
Shit Happens