SPDR Gold ETF O87 - 29 Jan 2021

SPDR Gold ETF O87 remains quiet as it move down its mini channel.  No heavy selling volume, good to accumulate some at this point as a hedge.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.