TayFx

๐Ÿ† Gold Positioning Update & Additional Buy-Limit ๐Ÿ†

ืœื•ื ื’
TayFx ืžืขื•ื“ื›ืŸ   
OANDA:XAUUSD   ื–ื”ื‘ / ื“ื•ืœืจ ืืžืจื™ืงืื™
Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.
ืขืกืงื” ืคืขื™ืœื”:
ื”ืขืจื”:
+720 pips
ืขืกืงื” ืคืขื™ืœื”:

Closed 90%, leaving the remainder open until target or breakeven.
ื”ืขืจื”:
Although the upside I've waited almost 20 days for is less than 1/3rd of a percent, it's nice to cut 90% early and see the gains hit my account. Time for a withdrawal ;)
ืขืกืงื” ืกื’ื•ืจื”: ื”ื™ืขื“ ื”ื•ืฉื’:

Upside monthly target of $1,800 hit. Well done to all that held this trade with mme over the last 19 days. This was a +4.52%โ€”marginalized, +777.9 pips.

I expect consolidation to occur at these prices, and for $1,800/oz to be rejected once or twice, before becoming solid support going forward, where I'll be looking to $2,000 per oz!

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