Gold ranges within two SLs. The outcome of the ongoing battle will likely to determine which arrow the price will choose, one targeting the ML, other one headed towards LWL1.
Comment:
Buying area. Long!
Comment:
We may see a prolonged sideways activity. The jump we are waiting for may not come until the end of the month. See the hourly view:
Trade closed: target reached:
ML hit. T/P and get ready to reverse the position.
Trade active:
I am on the short side for a little while.
Comment:
I had moved my stop to the breakeven point and now stopped out. I am waiting for the bull power to get exhausted, then I'll re-enter.
Comment:
Shorted again @1204
Comment:
My short position is still open. I take my T/P to 1200. I thinks this upward impulse is just the beginning of a huge bullish market.
Comment:
Closed the position @ 1210 with a minimal loss. Happy to be out! Now waiting to see how this correction develops to enter on the long side.