Good morning, traders! Happy new week. How is everyone navigating this highly volatile market environment? It has certainly been a challenging and intense period for many of us, with Bitcoin struggling at $90,000 price territory, resistance at $92,000. The crypto market as a whole is currently very down, Litcoin still suffer a strong resistance at $84 price territory with a support at $82. But today, we will be discussing on gold market and my recent trading activities. Last week for gold market was more of consolidation.
Price ranged within $4,240 price territory and $4160 at the lower range, with $4256 being a very strong resistance level. This week, it seems like we continue the consolidation as price is at $4202 price territory as at the time of writing. yesterday I took a sell positions on gold, with an entry price $406.20 and exit at $4185.28. I took about 7 good position and all exited with $41 positive per contract. 
I perceive that gold might be heading to $4,307 price level. While still writing, I opened a buy position on gold with an entry price at $402.41, SL at $4199 price level and TP at $4219.2. 
Like I said before, I love holding my positions for more than a day if necessary. Trading with stop lost and all these in place helps to secure funds and improves your fund management discipline. cheers guys! Just wanted to share with you.
DISCLAIMER:
The content of this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. No recommendation is made to buy, sell, or hold any financial instrument. All opinions are the author’s and may be incorrect. Past performance is not indicative of future results. Trading and investing involve substantial risk of loss, including total loss of capital. Readers are solely responsible for their own decisions and should seek independent professional advice. Trade only with risk capital.
