Gold Trader - Trade 11

Gold Trader Trade 11 closed on Wednesday (Day 17 of DC2) at $1,232 for a gain of +2.3% and we are off to a positive start for 2017.

Gold's last investor cycle bottomed on 15th December 2016 at $1,124. The first daily cycle (DC1) of a new IC kicked off over the Christmas holiday and rallied +8.5% to $1,220 on 24th January 2017 before declining into a daily cycle low at $1,180 on 27th January. I entered Trade 11 on Day 3 of DC2 on 1st February at $1,204. 

Gold is on Day 17 today and showing some signs of weakness trading below its 10DMA, so I have closed the position. Gold has some work to do to break above overhead resistance in the $1,240- $1,250 range. I think gold will do it but it might not happen until DC3. 

 
 

After 11 trades, Gold Trader has returned +6.3% and Gold PowerTrader has returned -0.9%.

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.