Hi, guys. Thx for the feedback. I have posted the reasons why I'm long
and which metods I'm using to decide which side I will trade,
I can only be wrong or right, the important thing is risk mangment.
Of course there is lenty of reasons to be short also
I also disagree. We are supposed to trade rangebound the next days your white horizontals. The upward channel had been broken. Draw a new downward channel and you will see that the rise expected may b every limited. It even looks like a head and shoulder and if the neckline once will be broken then we will find ourselves back veru much lower, lower than 1200.
and which metods I'm using to decide which side I will trade,
I can only be wrong or right, the important thing is risk mangment.
Of course there is lenty of reasons to be short also
so I'm reactivating this idea.
yesterday, gold just came back to the 63% fib line and is going back down -