Spot Gold Day Trade

Here we have a rare trade in Gold. specifically the XAU/USD pair.

There was a Sell Limit order which was filled (short position).

When we look at the 5 minute chart, price was rallying higher after the initial move that brought the trade into profit.

It didn’t look like it would continue lower so it was decided to close the trade manually. +9 Points

USD/CHF – Long Trade

This is a small long position. The premise is mostly that we are looking for a possible short term continuation of what can be looked at as a technical bounce. About 50 PIPS would be the target. Entry is .9614