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17/04/19
15:56
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Originally posted by AverageJoe:
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$1277 strong support broken yesterday. The 1H suggest there was a small dead cat bounce into this flip resistance and dropped from there. As I posted a chart responding to Slange last week I think, I always thought this is where gold will attempt to pick at those bull stops but from a range perspective I have to favor a range top fill on the way back down to the range bottom. Unfortunately I have to tighten my trailing stop in this sector and the one that you hold that interest me is reflecting the gold price action too. Good luck.
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Exited Gold bullion today. The TA position is on a knife edge, and believe there are better opportunities elsewhere.. (Have been buying Banks....going ok so far)