Discussion in 'Commodities, Stocks, and Indices' started by Errol, Dec 20, 2012.
I bought Gold when 1700 and now I am with -3000 pips.
When I run Gold/Silver trades, I sit on them, not leaving the puter. I have a feeling that with the fiscal cliff looming in the US, a retrace in your situation probably won't show up. When I see a trade start to turn sour, I throw a trailing stop on it.
If you can afford to hang in there, Gold might get back to 1700 within a couple of weeks.
There is a good S/R level around 1700, and if the USD looses more value (Very likely) then a return to this level is very possible.
1550 very strong support
$1000 is hard to gold investment.
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