Gold currently at an important point, opportunity for both bulls/bears depending on the break of rectangle. I am leaning more towards bullish scenario, due to long consolidation at recent highs. Also RSI broke an important level, which suggests more upside. GL to all!
Comment:
What we saw yesterday was the backtest of the rectangle. But who had the guts to buy? I did with SL below Fri low. Lets see how this unravels. GL
Comment:
Going according to plan, unless we break below 1745. This is very bullish set-up - long consolidation followed by break-out.
Trade closed manually:
I don't like the current development in gold, so I am closing the position in profit and reversing position.