Gold has accelerated quite nicely away from our long entry zone and is now hopefully heading to our “question mark zone” – if it gets there we’ll be closing our longs as we simply don’t know how it will react at this knot of resistance – it could be a medium term top or it could keep going upwards towards our low risk short entry zone.
Anyone who has gone long at our recent entry zone should place stops in the developing channel around 1770 (ish).
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