11.20am, Monday
Went in to buy 1 more lot of gold at 1723.74. SL at 1720.15, total potential loss = $28/-
On a daily chart, Gold is supported by the 34 SMA. I am willing to bet that support will hold , failing which, my loss will be $28/-. If it holds , it will probably reach 1780, giving me a risk/reward of 1: 1.8 thereabout.
And as I will be out in the afternoon, this will be a good time for the trade to stay inplace without me staring at it every minute.
Current open trade
GBP/USD short 2K
AUD/NZD short 1K
Gold Long 2 unit
Current cash = $308, Current Net Asset Value = $306, total expected loss for today <$60/-
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