I am globally LONG oriented at Gold. However, the price is inside of descending (falling) channel. So, my approach with trading it right now - to Long above a red line and Short below a red line. This technique doesn't protect from huge accidentally moves.
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I am Long now. Descending channel helped me to enter Long much lower. Look at my new setup.
Trade stängt manuellt
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The dangerous asset. A rigorous risk management is mandatory.