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Update on August Gold (GCQ3 20 MIN)

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This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on Tuesday, July 09

This is an update to a previous trading recommendation here: New Trade in August Gold (GCQ3 20 MIN)

Short entries should have been filled around mid-day but the market never fully got down into that “open highway” area like we were hoping. I prefer to exit this order at a roughly 5.6 loss heading into the overnight session. Those willing to monitor the price action can leave their stop in place and keep an eye on Navigator’s direction:

August Gold Update

Risk Disclosure

STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

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About Tom Dosdall

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Market Perspective: 80% technical 20% fundamental