GOLD Long.

12 May 2020

Simple trend following AB=CD move setting up, targeting ~$1850.

Trade triggers on break of $1725 area.

14 May 2020

Not

Bulls Beware....as things stand, the approach to the 1725 break out level, is a little to steep and eager for my liking.

Would prefer to see a healthy retrace back into range, before I would be willing to hit the LONG button on break of $1725.

If it breaks within the next day or two, I would wait and see whether price wants to hold above this level, before getting bullish in earnest.