Gold fractal, Part 2, Long position in Profit

The fractal seems to be in play now, at the moment we can see a good triangle in the making. If that breaks to the upside, we could see a another big rally. If this triangle breaks up, i will increase my previous long position. Trying to play the long game on this one. I will take profit 50% towards that resistance zone, wait to see what will happen after and try to increase again at a later stage.


Don't forget to like if you appreciate this :)


Previous analysis:

Bình luận:

Bam, there it is :) Very good strong breakout. If we see this continue towards the red resistance, i will watch a bit to see how things go before taking that 50% profit. Maybe use a stop of like 2 points, just in case it just shoots right through it. So i am not changing my plan, but risk 1/3 points just in case we break the resistance straight away.