Wednesday, May 01, 2013

GOLD UPDATE: 01/05/13. 20:41HRS

GOLD:

Price has retraced to my 1st entry level at 1460.00

I am short with 0.5% exposure to the market.

Price came to within 1 pip of the second order with a high of 1461.90

Price has bounced nicely off of the moving averages and the position is in profit by 40 pips.

Price at the time of writing is 1455.00.

I have moved the stop loss to break even to eliminate the risk on the position.

Chart below:



I will update again tomorrow morning

Have a pleasant evening.

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