[GOLD] Trading Plan - Update #1

ARESABI Aktualisiert   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is an update of my previous gold idea (linked below). Everything is working out according to our Trading Plan. We saw the price retracing to the middle-line of the Bull Flag and a move below $1.800 within the following three days. According to this intra-day view on the 4H chart, we might see a small retracement back to $1.820 until the end of this week and a continunation of the down-movement in the next week.

Since Gold is still in an long-term uptrend & the price is moving in a Bull Flag - so i prefer to not countertrade the trend and go with short positions. Instead i try to increase my position long positions during pullbacks.
Please act according to your own risk-profile.

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Approaching the target zone

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