Near Term Trend: Positive
Wednesday’s Close: $1,267.20 (+ $ 1.10)
UPDATE: Six weeks ago we went long gold at the $1,200.00 region.
We raised protective sell stop to $1,264.00, and was stopped out this week for a theoretical profit of $6.400 per contract.
At this juncture, near term support near $1,255.00 is being tested.