The surge in trading volume before the London session propelled gold prices upward. Seizing the opportunity, I entered a trade and managed to capture a gain of 35 pips. As the trade progressed, I decided to close 60% of my position when the price reached a 20-pip profit, while allowing the remaining portion to continue running in anticipation of hitting the take-profit level.
Throughout the London session, gold experienced a notable rally, demonstrating further potential for gains. However, despite the continued upward movement, I found satisfaction in the portion of the price move that I successfully captured. This disciplined approach allowed me to capitalize on the market momentum while also managing risk effectively.
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