Gold ranging and making some divergence now.

Gold has defined nice range and responded strongly on friday to testing of the lower boundary. Very nice area for shorter tf play. There is nice hidden bullish divergence on the indicator so maybe we get some directional try this week. My view neutral to bullish atm. GL

Note

Intraday short going on now. Let´s see if bottom holds.

Note

Strong rejection of h/s breakdown so far

Trade active

Gold continues in the same range, finally managed to pop out of the bear channel on 240min time frame and now seems to be heading for testing the breakout area. Monitoring the price action here and at the moment looking for long entries, around 1698-1700 would be a nice buying price if we get so low soon and signal comes on smaller tf. My view still neutral to bullish on this spot. GL

Note

Gold ended the week to upper limit of the range and now for me it is time to see if price action gives short signal. Pending short stop order on 1729, but there is a possibility to get trapped too.

Note

Short activated on 1745, let´s see if trap or fake breakout. GL

Unbaam

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Unbaam