Long on Gold up for possible retest of Resistance.

Gold on the 1 hour looking a bit bullish . Hopefully we can get another attempt to retest resistance which should also give us more potential to short as the charts battle between fundamental news of the dollar's rising inflation due to borrowing and technical data showing possible bearish outcomes in the coming weeks.

Notice: This is not financial advice and all possibilities are speculative ideas and opinions since no one ever knows for certain the actual future. All results are my own and results may be different for everyone. Trade at your own risk.

Comment:

Moved stop loss to secure profits under 20 EMA on 5 mins chart in case it returns to retest 50 EMA. If it bounces back up entering long again if this happens to continue riding until trend shift to short.

Comment:

Possibility of strong psychological level at 1800.00 showing possible unpredictability, meaning expect anything around this area. I will use low risk stops and will expect to short as soon as trend runs out of power.

Comment:

Next retest around 1800 will open a second position using take profit with the first position for two positions open to possible retest Friday's high. If it breaks out past Friday's high will open 3rd position to duplicate profits while using secured profits to risk for a zero risk trade.... For those following enjoy $$$

Comment:

Stop Loss hit under 20 EMA on 5 mins. Position closed in profits. End of updates.