Gold Price Just Hit $2,750 — Here's What I'm Telling My Clients
Yesterday, gold broke through $2,750 for the first time this quarter. Every client asked me the same question: should I buy, sell, or sit still?
The truth is, I've been through enough of these breakouts to know one thing: chasing the move is the fastest way to lose money. Here's what I actually tell my clients.
Wait for the Retest
Every breakout — and I mean every single one in the past 5 years — has retested the breakout level within 48 hours. If gold breaks $2,750 and comes back to $2,730-2,740, that's your entry. If it blows straight through and never looks back, you missed it. There will be another one next month.
Position Size
I tell my clients: 2% risk per trade. On a $10,000 account, that's $200 max loss. With a 20-pip stop on gold, that's a 0.1 lot position. Not 0.5. Not 1.0. 0.1.
The One Thing Nobody Talks About
Most analysis focuses on the direction. But the real money is in the management. If gold drops to $2,700, do you add, hold, or cut? I tell my clients: cut at 2R loss, add only after a clear support forms. No averaging into a losing trade — that's how accounts get blown up.
Honestly? The trades I'm most proud of aren't the ones where gold moved my way. They're the ones where it moved against me and I only lost what I planned to lose.
Trade smart. Risk manage first.