Regardless of maintaining a bearish stance on gold until the gap is filled, I can not deny the clear bullish breakout and follow-through we have been experiencing to the upside; I expect to see gold around 2150 before long, and I will reevaluate at that time.
Comment:
Nice engulfing has formed as well, clear signs of continuation.
Trade closed manually:
Im going to take my pips and run on this one. Ceasefire in Gaza soon + overwhelming bearish technicals. Going to throw a pending short up in a new chart. I wont be surprised if it touched 2085 area again, i just do not want to be on the wrong side chasing small pips when the other side has tons of room.