Should we buy gold right now?

Yesterday we expected big fluctuations in price and that is now a fact.
The question that everyone is asking is if this upside move will carry on.

No matter what the answer to this question is, there is another one - should we buy right now?

This are pretty clear here!

At the moment gold is against a strong resistance at 1825, and immediately after that we also have a Daily resistance in the 1832-1834 zone.
If those levels are violated that means we would have a new daily high and then we could easily say that this move will continue higher.
There is still a chance that we could see price rejecting the resistance and shooting down to 1800.

That's why the answer to the question ''Should we buy now?'' is NO!

And here is a money management lesson for those of you worrying that you will miss out on this move.
If you buy an instrument at $8 and you sell it at $15, then you will have the same result if you buy it at $10 and sell it at $15.
The difference is that in the second case scenario you have a higher probability for that to happen!