Published on: 5/19/2011 by Nigel B. 1 years 1 days ago
Gold is sitting close to the apex of a 2 1/2 week triangle. It also has a 3 bar breakout. So, nice setup for Friday if it kicks in. Set a buy stop to go long at or above 1500. If filled, a protective stop should go at 1485 – it should not take out yesterday’s lows once the breakout triggers so that’s where we put the stop.