On the 23rd Feb, Gold had a strong surge of 2.3% and gaped up, This shows that the price before the gap is a strong demand zone. Its now pulled back and closed the gap, after traders taking profits. the idea is that there are more orders to be filled at the 1647 level and could potentially push prices higher.
stop loss @1630
take profits 1686
A head & shoulder's pattern was successfully completed with a break of the neck line with good volume on the 23rd of Jan. Price action has since pulled back to the neck line, meeting resistance with both the neck line and a 20 & 50 day MA cross to the downside (adding confluence to the trade)
I've opened the trade @1.10822
Stop loss is set just above the 200MA @...