It's a long, I trade what I see.
Updated
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!
Note
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.Note
will look for a buy at 1245 level.Note
Closed 1 lot long position at 1262.Note
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.
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