Gold the trap is being laid! #gld

Gold must have got the attention of all the buyers who missed out on initial bull run but according to me current breakout looks more of a distribution move and should result into lot many disappointed bulls in coming weeks.
Avoid taking longs unless you have a strong reason to do the same.

Trade ist aktiv:

First target hit, booked some positions at $1469.
Will open new shorts on the retest of breakout zone.