sell
Gold Sell Position Hits First Target, Partial Close Recommended
The initial target profit (TP 1) was achieved successfully. The gold sell position is currently down by 33 pips, causing some frustration. It's advised to close half of the layers at this first TP, while the remaining position can be held with a break-even stop to protect profits.
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Analysis
The market action indicates that the initial target profit for the gold sell was reached, which is a positive sign. The position has now moved 33 pips against the initial entry, leading to frustration...
Recommendation
Implement the plan by closing half of the position now to lock in partial profits. Adjust the stop-loss of the remaining trade to break-even to safeguard accumulated gains. Continue to monitor the mar...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.