High %age trade in XAUUSD Rally to old POC around 1945

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has undergone a healthy correction in price over the last month or so, but now it looks as though we are moving into consolidation (or maybe even back into rally mode). The long sideways action prior to the recent sell off established a mature distribution to which we now seem likely to revisit. Good chance price will now gravitate to the old Point of Control around USD$1945
Trade closed: stop reached: Ouch!
Capital can always be turned into income. It is not so easy to turn income into capital.


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