November 19, 2009

Aggressive accounts may lock in more profits right here at $1130 while maintaining the core position with stops per the ZYX Change Method.

Please refer to our last post for the reasons behind predicting gap down on gold. At $1136, we have $17 profit. In keeping with the ZYX Change Method, we suggest taking partial profit around $1136 to $1137, tight stop on rest of non core position and a wider stop on the core position.