Gold is pulling back nicely and target line is exposed at trend line support at price 1820$.
All-time high has been breached in gold, but the precious metals index has not breached it. Gold is to hit peak of all-times and another pull back of 2% is expected.
Portfolio position is a SHORT.
Size 10 lots.
CFD contract 1 lot = 100 ounces.
Position value = 1000 ounces multiple 1871$ an ounce = 1,871,000$ position.
Spread is 50$ to target line at 1821$.
EST profit 50$ multiple 1000 units, i.e 50,000$.