After a bounce from the trendline, we have more reasons for a Gold0.22% long. Three routes are possible in my eyes.
I'm not sure if there will be another downward run, but the market is waving a clear bull flag, which i will trade.
trade with care!
I'm not sure if there will be another downward run, but the market is waving a clear bull flag, which i will trade.
trade with care!
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What happened recently remind me that last time when FED implied no hike in March, commodities and currencies go crazily against USD and Gold creeped higher, I am expecting it will repeat, even just a it.
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will look for a buy at 1245 level.
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Closed 1 lot long position at 1262.
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Quite possibly it's a short against the downward trendline, I will close the rest position when it revisit 1263 and open small position short.
