Long Gold
I’ve just taken out another long spreadbet position in gold. Support at $930 has been respected, so we’re looking for another rally through the $1000 mark. Stop loss is at $925, average opening price was $945.45 with £9 per point at stake. That’s roughly £184 at stake.
If gold rallies through to the high last week of $1006 then it’ll be just under a 300% return on the cash at risk.