TRADING TIPS

The Plan for Gold Trades

Hubert Senters here. Let’s take a look at an update of Gold. Obviously if you’ve got long Gold this week you are happy. Next target is going to be $1,913 and its met all of our initial targets for these most recent targets. Next week it will probably hit $1,913 and I will update the targets next week too. Now, if you’ve got enough cushion if you’ve got at least 20 to 40 points of cushion you’re probably ok to hold it over the weekend. If you don’t have at least 20 to 40 points of cushion if you believe it or not it’s not that hard to get since the low here $1,800 it’s now banking on $1,899. It’s almost at $1,800. It’s been up about a 100 points. You don’t want to hold Gold over the weekend unless you have a couple days of Average True Range. The Average True Range right now for Gold is about $20-ish. Let me put an indicator here really quick. Insert Analysis Technique and we’ll go Average True Range and we’ll hit ok. Average True Range for Gold right now is $23 so you’d want to have at least 40 points of cushion in order to hold over the weekend and Gold opens up on Sunday at 6PM EST. If you don’t have that my recommendation would be liquidate go flat and re-establish on Sunday evening if you want to on Gold at that point. Good luck. Hope it helps. See you on the next video. Hubert.

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