Trade with care
Gold is in a tight squeeze at the moment as highlighted in the grey box of the chart. It is also in a bull flag pattern. Breaks out north, will be a great rally and I will add upon confirmation on lower TF. Breaks down south, will be a slow movement.
PS. Still holding on to my 1305 and 1315 long positions - from previous published chart
Dont short in a bull market
More interested on the long side.
Will update trading plan
Short positions x 2 @ 1336.74 Closed at 1271.61 (1352 pips total)
Long position @ 1330 stopped out @ 1310 (-197 pips)
Long position @ 1315 stopped out @ 1310 (-49 pips)
Long position @ 1305 stopped out @ 1289 (-159 pips)
947 pips in profit