Hey traders, here's an important update on our Gold MCX positions:
We've successfully booked our long position and are currently completely out of our short-term long trade.
In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130, and it's crucial that the price sustains above this level.
As of now, our focus is on initiating a short trade entry around 60,750, while maintaining a disciplined stop loss at 61,150.
Stay tuned for more updates and trade responsibly. Happy trading, everyone!
We've successfully booked our long position and are currently completely out of our short-term long trade.
In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130, and it's crucial that the price sustains above this level.
As of now, our focus is on initiating a short trade entry around 60,750, while maintaining a disciplined stop loss at 61,150.
Stay tuned for more updates and trade responsibly. Happy trading, everyone!
This exceptional performance clearly surpasses the 1:1 ratio, showing the strength of our strategy.