Gold currently has a hard stop on the daily frame. If the price breaks the 3350 threshold, we wait for the old supply to recover to buy at the above 2 thresholds.
I am still short gold on this idea at the moment with a stop loss of 3248.
In case the market reverses the plan to break through 3248, we should consider capital management by cutting losses, and waiting in a buying position like this idea. However, this strategy has a high stop loss of 1000 pips. So we need to consider the trading volume by allocating at each level. I will update the positions in smaller time frames.
I am still short gold on this idea at the moment with a stop loss of 3248.
In case the market reverses the plan to break through 3248, we should consider capital management by cutting losses, and waiting in a buying position like this idea. However, this strategy has a high stop loss of 1000 pips. So we need to consider the trading volume by allocating at each level. I will update the positions in smaller time frames.
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