Price did close strong bearish last friday. Therefore i am bearish on the daily. Price now has pushed up and closed below the range for the past attempts due to news. Gold is fundamentally ready to push down. I don't want to be caught in buys when the trend is bearish so i am refraining from any long positions as it has a high possibility of a fake out. I am waiting for a daily break of the low with stops at current daily cande high. Trade only valid if price respects that high before breaking the low. Sl at current daily candle high. TP at the minor daily S.
Order cancelled:
Price broke the high, therefore our trade is now invalid. Will see how the daily closes and look for more entries this week. This is the last one for JAN. Overall quite happy with how the month went but always be looking for better things. Hopefully FEB treats us well :)