Gold should retrace at least to 38.2 fibo level after last drop . I ´m entering a long position @ 1261 with SL below 1253 and target profit around 1273
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade