Possible bullish bat in the making GOLD

Recent break out from the handle was obvious, or perhaps too much obvious. Therefore we can look at a small contrarian play now. SL above 1350, 1st TP - 1305, 2nd TP 1250.
I will start to load up again below that level, if we get there. Lets see :)))

Kommentera:

The bat hypothesis was invalidated, SL was hit. However, strong divergencies showing up on longer timeframes and there is also resistance from 2016, which won't break that easily. Will keep an eye on this for profitable short and will wait for structure breakdown. GL to all

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