Looking at the Gold Chart, we will see the BULL is conquering the market right now. Because of what? - There are rumors flying around that Federal Reserve US is going to launch next cycle of QE. Just because of that...the Gold price move up like no limit.
My personal opinion, the gold price is due for correction.
Ok traders, here you are....the result so far for GOLD.....from January-August 2012. Simple strategy - using Candlestick + Trigger indicator.
Jan - 4 Win 2 Loss
Feb - 3 Win 4 Loss
Mac - 5 Win 2 Loss
April - 4 Win 0 Loss
May - 4 Win 1 Loss
Jun - 2 Win 1 Loss
July - 4 Win 2 Loss
August (so far) - 3 Win 0 loss
Total (so far) - 29 Win 12 Loss : Percentage : 70.7% win. Use Risk : Reward : 1:2