The three blue lines were the Daily support, the Weekly and another key that I had marked down although don't remember what it stood for, exactly.
It is now evident that Gold price took a shock from both the interest rates and the ADP news, both effecting the greenback these days.
But you couldn't have possible known, back then right ?
So each time Gold hit a major , it seemed a good idea to buy the dip, being able to the position your stop loss the closest.
And each time I was stopped out !!!
Should I have waited for Gold to start its long awaited rally, AND THEN gone long at the first available pullback, I wouldn't have been stopped out. Another better idea, would have been to wait for a break, in this case of a . In terms of risk therefore, it is, generally speaking better to enter on the pullbacks once the trend (being it long term or intraday) has settled.