Seems if Gold is not break 1274-1278 area, it will slide down to 1220, and this time it may break below it too.
Trade active
Comment:
Still has not break out 1274-1278 area, so the idea of sliding down is active.
Comment:
1278 level breached out. So I hedged my SHORT trade with a LONG trade! To see if this is a bull trap or it is a bull market! Take care
Trade closed manually:
Long Trade Closed at 1277.5, because I think it was excited market. I put pending Buy Stop at 1280. The Short trade is active!
Comment:
Maybe Gold is printing Broadening Top on H4 chart and will slide down soon!
Comment:
If you have BUY trades from 1280 of below, My advise is to close them all at this topping on 1285. If your money management allows add Short trades.
Comment:
It seems better to have BUY again, please!
Trade active:
My Sell from 1269 is still active.
Trade closed manually:
with more than $ 50