Majority of my followers are long from green area.
Some got 1174, some 1180, some 1185.
My current " set and foget " long is 1185.
Close price above 1192 is amazing sign intraday and gold should now go up to re-visit 1197 again as it is a Heading Towrds daily level.
If we pass 1197 - 1202 dynamic area, we have chance to go higher, if we break TP 2 new fresh H should come.
I have set downside targets as well in case our old friend Bear come.
And guys don't ask me do I think can gold go lower before real up!
1st I don't think so otherwise being heavy long from 1185 wouldn't make sense, 2nd Gold is a monster and can do what it want so there is always a possibility so all we can do is risk reasonably and money management solve any problem here.
I have done calculations and can handle DD , but my main target is 1383 as it was before.
In general close above 1192 is good sign at least for now!
But be careful as always!
I will follow up today on this intraday idea as we go.
Main general Idea -
I have 3 buys overal 50 lots and they bring that amount at 1383.
As it is not enough I did told you only place where I add next buy is 1235.
So all I need is to add just 10 lots at 1235 and that is it, and wait for 1383 to come.
If U have let's say 10k account and u see this as a great opp, you can open just 1 lot what is very small risk on such account and that can survive big DD just in case and that is it, be patient and wait and that 1 lot at the end pay you big bucks, it all depends on how greedy u are of course as well how emotional! But this is for sure what I would do in your place.
With close price above 1192 today I really do hope we don't visit 80's anymore, but well u know gold is ruthless, so there is no surprise!
Trade with care, I try to update if I see something interesting, but gold should go up on opening to visit 1197.
Good good.. but I need more! I still mad at you.
Melt your heart now my brother!