Playing with the house’s money…
Two days ago I pointed out a trade setup in gold which looked like it could
be setting up as a double top trap. I got long at $469 with a stop at
$464.Yesterday, things didn’t unfold as I would have hoped and I came within
$1.60 of being stopped out on my trade. Before that happened, the underlying
trend took back over and pushed gold higher. As I look at the daily chart now,
it appears that we have a much greater potential to consolidate at these levels
than I suspected before. I am still long …
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