Gold Gold Daily Video, May 10, 2024

[Sive Morten]

Good morning,

Gold has made the action that we've expected in previous 2 days. We consider 2372-2380$ as the nearest upside target.

 

[Brett Reynolds]

My stop was Hit at $2325 for a small loss on US seshion yesterday after initially moving down to $2306 in the morning. I should have moved my Stop to Breakeven then..!

I always trade 'Inside Daily Bars'..which if you see we had on Tues 7th. These Trades can go 'either way' but when they move in the right' direction you can usually get a very good R/R on them. It's a difficult call' on knowing when' to trade them but in this case it was in the middle of a month and a lot of consolidation on Gold so that is why i made small position with tight stop.