Gold will go up again

Last weeks tumbling gold market kept our trading algorithm very busy and closes every day in profit. We had not much issues last week with trading gold, our bots kept it all together. Normally we trade 24/5 gold, only Sunday evening we decided to temporary disable trading.

With all what happened last week it was not certain what the movements would be. When the markets opens after the weekend there is a gap in closing price on Friday, and opening in a new week. In the past weeks it was no problem. Because when the trend is up, and you trade up there is no problem. Only this time it was different. Not sure what would happen, we waited. On Monday during the day the price dropped again. Later in the afternoon we resumed slowly trading XAUUSD with very limited risk and lotsize. Today we increased our lotsize to the normal amount we use, now it all seems business as usual.


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By The Dutch Forextrader

Investing has been a hobby of mine since 2008. Entering the market right in the middle of the financial crisis was a challenge, but it also offered a great opportunity to step in at a low point. Since May 19th, 2024, I’ve also started getting into crypto. Maybe very late if you believe what everyone says, but I want to show that it’s never too late to get started.