You'll find out on Monday opening where the direction lies after the gold trades digested the NFP news.
Besides a double bottom punt, the trend is your friend I am afraid. If I were to buy at this level, I would definitely need a lot of patience and stop looking at the daily musings because these tiny movements will play with the mind. The constant worry is whether it is stuck in this narrow range for a lengthy periods and that can also play with the mind.
I am glad my patience kicked it regarding the previous 2 rally attempts. Again the POG/USd is behaving exactly like SLR chart, double bottom looking perhaps for triple bottom, who knows but I work on probabilities and it is indicating that scenario rather than a trend change so far. Now I gotta find that crystal I had hidden from prying eyes!
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