FX:XAUUSD   Gold Spot / U.S. Dollar
180 5 7
Good morning traders,

Gold             has tested 61.8 fibo retracement and returned above wedge , If it breaks the next descending trend line we could see a retest of 1300 and above.

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade active: I´m closing 50% of the position and remaining position with SL at breakeven . Reaction current trendline is key to confirm next move
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Yes,worth quoting and needs to be repeated,Alan
Realisto_FX PRO AlanSimpson
Thanks Alan, that´s correct, I´m insisting in rules for every trade because they are part of the macro view
Thanks for the rules. Do you have any short-medium term target for Gold?
You are welcome , short term target 1300 , it will depend on next developments in current range bound stock markets
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