DislikedPossible scenarios for gold: 1. True breakout, bullish case. However, weak bull, thus the low volume. Retraces to 1280 maximum. Trade plan would be to buy on dips with TP at 1293 or 1303. If truly ambitious, 1310. 2. Just safe haven buying, gold falls back to below 1280. Trade plan would be to sell, hold and collect swap. Target would be the next support level of 1269. 3. Day closes above 1287, Asian session continues the buying, we see price sustained above 1287. After London open, we might minor dips along the way possibly but not falling below...Ignored
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Markets are Irrational
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4&1 All Time Profit:
$37,496
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We err, and err, and err again, but less.