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XAUUSD - LONG

Oleh bitofamacroman
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Against the prevailing trend so treat it as such, with caution.
Nota
GOld is down some 18% from its highs. Real rates continue their climb and as long as they do gold will remain depressed. Silver is a commodity, not a currency like gold, at least that is the difference in the way they trade, so it can rise more while gold falls and the ratio normalizes
Nota
SL to 1701 or near the lows, no sense messing with it when have profits already in a trade that is a counter trend trade, so play it tight.
Nota
Stopped out, small loss
Chart PatternsTrend AnalysisWave Analysis
bitofamacroman

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