An hour ago,.. noticing at the 4hr chart that I had purchased gold at the bottom of the channel, decided to close the position and wait for a clearer signal.
Closed gold at 1751.39 , loss $2/-
Will just have to wait for it to move up to the upper channel at 1771 before I trigger any sell action. I realised it will be wiser than to trigger an short now and waiting for the position to be in bad shape before it gets better. Now, no order in hand.. just waiting...
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