Review:
In my last analysis from 25th of july I wrote: “Swing traders need to be patient and avoid trading in this whipsaw environment. Scaling in with limit buy orders between US$1,281.00 and US$1,265.00 should be a promising recipe. Stopps should be placed below US$1,240.00.” If you have followed my recommendation you should now hold a full Gold trading position according to your money management rules. The tricky part in the next couple of weeks will be to follow a trailing stopp strategy that keeps you in the market as long as possible.
This post was published at Gold-Eagle on September 4, 2014.
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