24 August 2010

Gold : Good Price Action

  • Cash low of 1210.6 earlier this evening. All the way back up at 1232 now, all within a gap of 2 hours.
  • On the daily chart, we have now formed a SHS bottom with the NL (at 1210) successfully tested and held tonight.
  • After stalking this with a reasonably small position for a while now, the time has come to ratchet up the commitment here. Will increase risk level on dips.