GOLD STILL APPEARS BULLISH BUT LOSING STRENGTH

Gold looks generally bullish. However, I see an attempt by the bears to end the bullish run. The bullish flag seen here also calls for caution to be a bit more patient with Gold and get validation to sell or buy.

Usually best to wait for Bullish Flag failure before attempting to sell. Or wait for breakout above 1914.695 before attempting to buy.

Great caution required here.

Commentaire:

If you understand pattern trading very well and you can learn how to wait to avoid getting trapped, your win rate will increase significantly. waiting and buying at the retest of 1914 gave a whopping 130 pips plus today.