Long Gold

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.

You can subscribe to my mailing list for FX Alerts : eepurl.com/bp_sgP

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