I usually like to stay away from gold but I saw a very familiar pattern form here. Gold had been volatile but was still trading within quite a well-defined range from about 1675 - 1750 ever since April. We got a clear move to the bottom of this channel/Bollinger band late last week with a nice wick indicating hesitance to drop lower. This confirmed to me that a price reaction to the mean was imminent and my long signal was triggered. This trade is currently in 200 pips worth of profit as I was entered into my position yesterday, my stops have been moved to breakeven and my first position has been closed out.