But this is looking scary to me. I don't feel this is real, and can be very painful afterwards.
Gold is not ready yet in my opinion. Remember that Bear comes in one candle more powerful than Bull goes in several days!
I am on sideways. Watching 1290-1292 area very very closely.
I will work under this idea now. Update it like I do!
So I shorted because it was reasonable. If this goes down then goes from here.. if not then it's time to stop shorting it..
Let's see.. My target for this would be 1265.. so If this goes down, I hold and add more on each transition breakdown! Stops already to BE!
I hope it doesn't come back to test it again! Because my entry is a dream!