False breakout !! Rational Approach.
Hi Traders,
Every one has a short position right now in Gold and all the indicators,tools shows bearish bias.
But the reality is that every time one person sell, another buys and both
think they are Astute and you know who gets the profit at the end "Market Maker".
At the end only one reason our tools and charts shows " False breakout". Ohh shit!
So according to my opinion Buy Gold after some little drop from $1690's area
and placed stop at $1676 and on friday enjoy $1800 Level.
I am also in Buying.
Thanks
Every one has a short position right now in Gold and all the indicators,tools shows bearish bias.
But the reality is that every time one person sell, another buys and both
think they are Astute and you know who gets the profit at the end "Market Maker".
At the end only one reason our tools and charts shows " False breakout". Ohh shit!
So according to my opinion Buy Gold after some little drop from $1690's area
and placed stop at $1676 and on friday enjoy $1800 Level.
I am also in Buying.
Thanks
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