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Key pivot update »


Gold key pivot update

Posted by Cire2222 on Jul 8, 2008

A quick update on the current gold key pivot play.  So far we have had our first target hit @ 917 for a gain of $1100 on the first contract.  The second contract is still open, I want to lower the stop loss on that last contract to 928 ( our entry price).  This gives us a worst case scenario of a $1100 gain on the trade.   I see us holding support levels here and I was not happy with the lack of selling in gold with oil dropping $5 today.  We are trading @ 920 right now, I want to place our second target at 915 to see if we can get our exit tagged tonight or  in the morning.

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