Just take a swing.
I am sure millions of other traders around the world are looking at this easy to predict chart as well and are shorting it.
So take your profits out of this one!
As usual only do so if you agree, and do you own research!
I will take this as an entry signal with another small position, and will trail this one.
Good luck to all of you!
Trade what you see, not what you think
Thanks for asking, this one is giving me headaches right now. It looks like the uptrend is stable for now, but I still believe that we are in a longterm downtrend. And the price could not make a higher high, so in classical trend following this means the Downtrend continues. But as I am not sure, I rather say nothing than say anything only to be saying that.
So I will be observing and give an update, once I've got an idea that is realistic.
So for now, I would say, watch it for a few more days and consider going short. But, and thats a big one, Gold just made the 1300 mark, and keeps going up, so I am really not sure...
thank u for your answer :)
Its my pleasure ;-)
And most important to me, the resistance of the longterm downtrend is not broken jet. As long as that is not the case, I still believe there is the chance that price will fall.
The market is always right!
Hope that helps you...