- Modus operandi here : always buy into historical highs. Many times one ends up feeling like an idiot, but 1. can always cut the position if it fails and 2. when it pays off, the returns can often be spectacular.
- In this case, planning to add on about 12% only if cash gold breaks 1265. Already built position up to biggest risk on book now.
- Monthly : Uptrend. Attack on historical high at 1265 next. (Now 1250).
- Weekly : Shakeout of longs down to 1157 appears to have been it.
- Daily : SHS bottom formed. Objective is at 1267. So - buying break of 1265 = buying when technical objective here (daily time frame) met. A bit foolhardy, so doing in small only.
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