Also, there can be spike down exactly towards 1300.. which i think will be for buy orders.. as far as 1290 holds.. I am bullish.. going below 1290 will bring consolidation but I dont see deep retracement down.. bullish patterns are still valid even if it goes 1300..
So keep that in mind.. moving stop to 1290.
So gold can slump today towards 1325 and 1315 even...
If someone interested in sell.. then sell keeping stop 1346.
Bulls need to hold 1310 for that bullish grabber.. i am now only long... no selling..!!!!
So the thing is why we have to stay only on 1 direction? I like to go with flow of market and thats it.. i closed many of my positions in asian session at 1343 and still long.. but i want to say we have to be open minded not rigid for 1 side... In US, i know is problem of not hedging but here in europe..
So in my update check all above my msgs i give both side targets cuz all are not buying and all are not selling. Thanks!