Looks like a breakout and we caught the middle of the break, using tight stop rode it and then stopped out on the pullback. So good trades.
Outlook now, could be a continuation of this new pattern, which could lead to a nice breakout, or we can fallback, next few days will tell us what is going to happen.
I lean towards a long on gold but some key levels need to be reached before this can really take off.
Outlook now, could be a continuation of this new pattern, which could lead to a nice breakout, or we can fallback, next few days will tell us what is going to happen.
I lean towards a long on gold but some key levels need to be reached before this can really take off.
Trade closed manually:
we made the top but the subsequent pullback was so steep so we exited once it broke our green trendlines