Gold

Closed Longs at 1286, profit banked.

Currently Short at 1285.8.

Target = 1254.

Hoping to Long again around that area if this trade plays out with 1420 as the main target.

short squeeze comin ? dyor.

>1298/1300 > ~1340 > ~1388/92

supp 1268/70




dl.dropboxusercontent.com/u/40497882/gold_daily_21July13.JPG

A CONTINUED BULLISH TAKE ON GOLD
www.spreadbetmagazine.com/blog/a-continu...sh-take-on-gold.html

Gold to break 1300$ ...

www.silverdoctors.com/breaking-massive-f...plaza-force-majeure/

It just got blitzed

Paitech wrote: A CONTINUED BULLISH TAKE ON GOLD
www.spreadbetmagazine.com/blog/a-continu...sh-take-on-gold.html

Stopped out from the squeeze.

Lesson learnt.

Should have had faith in the RSI weekly and original positions at 1244 and 1270 being particularly safe.

The uptrend was definitely showing strength on Friday after my short, that's what you get for trying to be clever lol.

I guess the underlying power of the bulls and the danger a short squeeze should have put me off. A bit of of a red or black trade that one...