Gold has retraced quite a bit and it does have the potential to go a bit lower. However this support region is nice and high r:r. Make sure to breakeven if you move into profits so incase the market doesn't move the way you anticapte it you are risk free.
@nickforexfx, What's your risk? I expect gold can rebound a bit from these regions but if it continues dropping then you will have to close your position.
nickforexfx
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@gok128, when shall I look to close? Also shall I add a sell if it drop?