Monday 21 November 2011

Can't leave Gold alone..

10.30am..Tuesday....back from my morning errands.

Looking thru' my 10 currency pairs, Gold stared back at me.  In the 4Hr chart, it cried "buy me, BUY me!".
There are 4 pin tail from the previous sessions, pointing possible technical rebound for gold. The current price of below 1700 looks attractive too. For that,..

Long 1 lot of Gold at 1685.194. SL at 1661.52, no TP set. Expected loss in this trade $31.

Current outstanding = 2K short EUR/AUD  , Long 1  Gold. Cash position 287
Total potential loss for today , less than $60.  Whst I need now is to close my eyes and let the trade manifest itself.

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