Gold should retrace at least to 38.2 fibo level after last drop. I ´m entering a long position @ 1261 with SL below 1253 and target profit around 1273
6 Trading Rules :
1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade