Friday, April 8, 2011

GOLD - Today Sold 1475 with more 135

Members add longs: 1337, 1340 and 1355.
GOLD 2ª Alert to members  Patern - Chart  LINK
Nothing change last weeks. So far so good. Still long 1 lot from 1355 and expect target near 1600 next weeks/months stop all position 1425 until now we close 2 lots with good gains. Last lot with more 135 today.

Positions close:

1337 Sold 50% = 1366 +29
         Sold 50% = 1380 +43
1340 Sold 50% = 1415 +75
         Sold 50% = 1475 +135 = today (08/04/2011)

Position stil Open - Plan:

Longs from 1355 - Sold 50% = If fill 1505  and more 50% if fill 1555 stop ALL 1425

We reduce risk but we area buyers and will add more gold if pullback again.
But for now with indicators overbought and with bearish divergence some indicadors important only reduce risk with good gains next order 1505 move stops 1425 all positions.
Click to zoom in. Courtesy of @ mktrendmember ( click to see details)


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