Gold crossed the profit-take threshold on our current recommended long position (from the March 11th edition) three days ago, on Monday 23rd March. This starts a clock running that triggers the partial exit of the trade to take profits four days later, tomorrow the 27th March. In the meantime, we watch for intra-day extension signals that would indicate some weakness may soon start which will then trigger the exit before the end of the four-day period.
We saw an hourly-scale top extension in the period from o9.00 to 10.00 today, which is sufficient evidence and so we would now be out of half of the long Gold position at the opening price of the next period which was 1212.60. Chart:
