Gold Broke Out. Waiting for Retrace to Enter

Gold has traded above the level I had as it's breakout level. It never traded above it long and it may be a false breakout and continue down, but buying a bit lower with tight stops gives a good trade. We can limit risk, and if it breaks out again a strong trend may be under way,

Kommentera:

Going to buy a bit early. 1640 and stop 1623. Will still buy lower if it gets there.