The previously presented trading strategy for gold intended to bring the price up, especially in the four-hour (H4) chart.
H4 chart:
That is exactly what happened after the release of the latest unemployment data in the US.
Gold also rose higher as the crisis in the US banking sector led to the weakening of dollar demand.
Now, the quote has approached the first resistance level of 1900, from which a correction may begin.
The best action is to close part of the long positions as that will give profit of about 7,500 pips. The rest of the long positions should be held to $2,000.
Congratulations to all those who followed the strategy!
The trading idea was based on the "Price Action" and "Stop hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.