Monday 21 November 2011

Crossing my fingers on Gold again

9.05pm.
Gold at 1 hr chart shows bullish divergence... and since I believe in the strength of 34sma on a daily chart, I decided to get gold a 2nd chance. 
Went in again to long gold at 1707.582. Potential stop loss $24/-  TP at 1724, roughly 1:2 R/R ratio.

I will learn to ride it thru'. Short term, price of gold looks to me trending up. I hope I am not wrong.

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