Gold ranges within two SLs. The outcome of the ongoing battle will likely to determine which arrow the price will choose, one targeting the ML, other one headed towards LWL1.
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Buying area. Long!
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We may see a prolonged sideways activity. The jump we are waiting for may not come until the end of the month. See the hourly view:
Trade geschlossen: Ziel wurde erreicht:
ML hit. T/P and get ready to reverse the position.
Trade ist aktiv:
I am on the short side for a little while.
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I had moved my stop to the breakeven point and now stopped out. I am waiting for the bull power to get exhausted, then I'll re-enter.
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Shorted again @1204
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My short position is still open. I take my T/P to 1200. I thinks this upward impulse is just the beginning of a huge bullish market.
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Closed the position @ 1210 with a minimal loss. Happy to be out! Now waiting to see how this correction develops to enter on the long side.