In my last post I pointed out a head and shoulders pattern that had developed. This is an excellent example of why it is important not to "jump the gun" and take the trade before the sell confirmation (the break of the neck line). Here's what gold has done since the last post.
As you can see, instead of breaking the neck line and falling, gold rallied hard. This is not surprising given that gold is currently in a very bullish uptrend...an uptrend that has burned up a couple of short positions that I previously had.
Good luck out there.
TLT
As you can see, instead of breaking the neck line and falling, gold rallied hard. This is not surprising given that gold is currently in a very bullish uptrend...an uptrend that has burned up a couple of short positions that I previously had. 
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