09:35am  ~  After a week of gains on the world’s stock markets we had a pause for breath and some profit-taking yesterday after a day of small trading volume.   There was not much news to move the markets and going into today we’ll probably have a quiet morning ahead of the U.S. PPI and retails sales figures that are announced at 13:30pm (UK time).  Gold continued its downward price movement yesterday after treading water on Wednesday and has shot through a previous support level at 13550 – next stop 13000 ?  I have to add at this point that I took advantage of this drop in Gold price and I entered a ‘short’ position a while ago using one of my trendFX strategies, I am currently 40 pips in profit, so closing off any time soon will be ok as I am way above my daily 20 pip target.

Brent Oil had another day of price rises yesterday, most likely on the back of U.S. Oil Inventories and the Syrian situation, although this morning looks like there’s some profit-taking going on. There was a very nice ‘short’ trade set-up using a trendFX strategy earlier this morning but unfortunately I was not around at 7:30am to join in.

I will report back later regarding the outcome of my Gold trade.

10:30am  ~  I have just got out of my Gold position, here’s the chart screenshot I have just taken. (Click on image to enlarge)

As you can see, I have managed a profit of +80 pips with strategy one from my trendFX Collection of systems. I’m still going through a mountain of emails – and after lunch it’s packing for a long weekend away at Le Touquet, my favourite French town.

Daily Target Reached ?  YES (+80 pips)       I traded for an hour this morning