Forex Analysis of A Gold Trade I Took Yesterday.

[moonchild]

I traded Gold yesterday and In this post I'll share with my thought process in the trade.

As you can see Gold started selling right out of the gate on Tuesday and made a minor retrace during London, I wasn't on the app hence I couldn't get in at that point.

Till around 1030am London time after an impulsive move is made, I took a buy and market started going up, I felt a lot of pressure to get out after making around 30 pips, but I held on to it and kept on, around New York Open some retracement can be seen and moved my stop loss under to protect my position.

Market continue going up and I ended up making 100pips from the trade, which is really nice.

You should note that not everyday is as straight forward as this though.