yes you are right, I was stopped out. I remain bullish on gold though for the long-term and will look to enter again in GLD or gold mining stocks at a later time when the risk/reward setup will be optimal. The US dollar is going up now. As long as this is the case, it puts pressure on gold price.
GLD intraday price went below 109 last Friday, and it should be stopped out if you put hard stoploss at 109???
ReplyDeleteyes you are right, I was stopped out. I remain bullish on gold though for the long-term and will look to enter again in GLD or gold mining stocks at a later time when the risk/reward setup will be optimal. The US dollar is going up now. As long as this is the case, it puts pressure on gold price.
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