Gold Trader - Trade 10

Gold Trader Trade 10 opened on 22nd November at $1,214 on Day 32 of gold's fourth daily cycle, well within the timing band for a DCL and ICL. As luck would have it, gold broke lower the following day and traded between $1,180 and $1,200 (target stop level $1,190) for the next 6 trading days. I continued to hold the position as gold had reached day 38 of the fourth and final daily cycle and I expected an imminent turn higher for the precious metal. Unfortunately, gold failed to close above the 10DMA and following another break lower, I was forced to close the position at $1,168 on Day 40 for a loss of -3.8%. 

 
 

Gold continued to trade lower over the following 8 trading days and finally bottomed on Day 48 at $1,124. Day 48 is the longest daily cycle count on record over 10 years of research. Gold closed above the 10DMA on 28th December confirming a new daily cycle. 

After 10 trades, Gold trader has returned +3.9% and Gold PowerTrader has returned -4.8%. 

For more information on this exciting new strategy for Secure Investments, or to open an account, please contact Brian Delaney at 086 821 5911 or brian@secureinvestments.ie.