Do We Have a 2nd Buy for Gold on the Weekly?

The Lazy Trader Forums Lazy Trader Online Trader Community Club Bullionaire Do We Have a 2nd Buy for Gold on the Weekly?

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  • #6658
    Cristian Ravalli
    Moderator

    I’ve got my stop at breakeven on the first trade and therefore decided to take this one too. Anyone in this?

    #6824
    Rob
    Participant

    It looks like Gold has reached our second profit target and is struggling to break the multi-year high at 1365 so scaled out of the position. As we are still in the middle of a seasonal rally, am expecting a minor retracement either to the 0.386 or 0.50 before a continuation to the upside.

    If this week closes as a bearish pin bar reversal, it’s a valid sell as it’s accompanied with bearish reversal divergence on the RSI (…for the brave!!).

    Please see attached.

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    #6890
    Cristian Ravalli
    Moderator

    I’ve closed this trade yesterday. I’m now totally out of gold and platinum. Anyone of you still in it?

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