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Monday, December 2, 2013

Daily gold trading update 2 December 2013

Hi everyone

Last night I expressed my hope for a good start to the December trading month, well it could not have started any better.

Entered the short trade at $1249.11 and took profit at $1231.17!

The strategy for the next 24 hours is to wait for a reset and then trade the next down swing. We however also have to keep an eye on the trend reversal signal that is currently at around $1252. Should this level be breached it will indicate that the market on gold have turned bullish.

Have a great day
Chris