However, due to golds today the possibility of a breakout of this zone is looking more and more likely, which could be the beginning of strong downward movement for GOLD .
At this moment in time I am long in GOLD as the is still being respected. A breakout would mean I will trade short
Theres a significant support line around the 1498.00 price point which we can see has been recently tested. A breakout of this price I will trade gold in big lot sizes.
Again just be cautious with volatility and breakouts. Always be prepared for your trade to hit your stop loss.