ColeOutlaw

GOLD UPDATE! Dead or False Breakout?

FX:XAUUSD   Gold Spot / U.S. Dollar
Careful believing any FUD you are seeing, do your own research and form your own opinions. Gold has a history of false breakouts and stop hunts. Getting in too early puts you at risk of these scenarios playing out against you. A wise trader will wait for confirmation before risking their capital. Patience and capital preservation is key here. I am still overall long on gold, but short term I am flat before any signal indicates that I should think otherwise. Will update with further analysis in the future.
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