26 June 2013 was the date that set gold to 3 years low, the price was 1221.67 USD per ounce. Till the time of writing, the price still does not make any significant bullish moves, the current price is 1228.34 USD per ounce and it definitely will test 1221.67 USD price again. I made a wrong move when I opened a position at 1270USD yesterday and just left it like that, thinking it would be bullish in the next few hours, as a result i just lost about 150USD just in 2 hours, that is what will happen to you if you do not put your stop loss.
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