Gold Update #2, first week of Aug.

The movement of gold is slow but building explosive momentum. I am looking to long at the green box with SL around red box area of candle close. Will be using smaller margin since I feel this week might be whipsawing a bit.

Comment:

Never thought my lower TL is the rebound area! Oh well !!

Trade active:

First long activated.

Comment:

We have total 3 positions as per my telegram. Let's hope we see bullish D close today.

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Comment:

Possible movement to this week close. Nothing much to say really.

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Trade closed manually:

Its a good thing we closed our long at 68 earlier before NFP for profits. 55 and 49 is a good area to long for bulls. For myself, I am sitting this one out due to week close.

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Comment:

The big picture still I feel.... Have a nice weekend.

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