MML : Boing boing !!26 Jul 2013 07:33
I managed to re enter when Gold was at 1314. Bit of a gamble as the USA news hadn't come out then. Got in at 127.5 on a buy order fill after selling at 138 on Wednesday pm. Gold has risen steadily and my theory of 0.5p for every point gold goes up , may still stand today. We closed yesterday at 1330..now 1336 as I type.
I'd expect tleast a 3p gain, if not more from the uplift. Next target is 1350.
Big question is..will gold test the early 1300's again? I'm keeping an eye on it but my gut feeling is that we've seen the bottom for now.
Stop loss at 3 pence below bid is my plan , once we get an uplift.
I'm thinking that 138/140 will be hit at some stage before 12pm. Gl all.