Gold ($GOLD - Continuous Contract) + FX: Trial by fire

I am baffled with my stupidity in my trades this week(in GOLD and in EURUSD), but so far, none of previous mistakes can top my stupidity in GOLD this week!

Here's the reason why:


Okay, so far, my mistakes came from putting on too tight stops(trailing/loss) so I am going to trade with no stops this week. Let's see how terrible the outcome will be.

Anyway, moving on, enough with the sour-graping, Gold pretty much looks like sideways with a slight downward bias, looking to pullback to the 200 MA which should provide a relatively safe entry with excellent upside potential plus the fact that it could break into a new high:



Trade with bigger volume on the long side on the 200SMA pullback setup: