Guys and girls, I have amazing news.. this is if not one of the greatest buys in all retail trading this year. I am a speculator, when I see that there are more net longs than shorts it usually tells me a sign that 1st, something is up, 2. there may be some manipulation against these traders. However, I must say that rejection upwards has been something I haven't seen in a while. Maybe it's because I don't trade gold as heavily as the forex market, meh I might have to get used to it. Anyways, momentum has been quite a shock in the markets with reversal traders entering its the time to pressure golds price to continue to fresh highs. This is one of those trades where you don't have to keep an eye on the price, this is one of those trades you'll look back in a weeks time and say to yourself "you've made the best decision so far this year."
Okay hysteria aside, we also need to watch for rejections in these zones they may be long traps, however, I am fully confident that the move high up will be epic. The next weekly candle I am seeing BULL BULL BULL !!!
I will be updating tp history as well as entry. Please note I may change my decision if I see any drastic price movements down.
Good luck to all, please don't hesitate to pm me about this idea, I will not reply to comments.
Please check out my GU idea which is still running (ps. a lot of bears are trapped)
Keep an eye on this idea because it will blow your mind.
Not investment advice.