Gold : Am i in trouble???

[sunny]

I have started spread betting on Gold when it was 1400 mark (mid March), i had opened a long position and it has been very successful. made quite a lot of money. All the expectations were there that Gold will close the year on 2000 mark. since the begining of September it started going down and i dont wanna resign just yet from my position (Stick to the plan). Anyway i set a stop loss at 1300 mark but i hope it never raches that.
I am still on a tidy profit (200 points), Do you think it will bounce back or is it gonna dip down especially if the crisis is over
Should i quit or stick to the plan

Thanks

[Fosters]

I don't think you're in trouble mate. Most likely it will bounce back!!! with all the uncertainty and the crisis in Europe and the US, Gold stays one of the main safe havens out there

[Lucky]

You can't expect it to go up every single day... if you see the charts you'll see that it constantly experiences pull-backs.

[Hussain]

True that lucky, i was just looking at the Gold chart and it doesn't fluctuate much like other financial markets. It experiences pull-backs and it takes some amount of time before it goes up. It did reach the record high this year but it took a while to reach that level

[Pierce]

I have started spread betting on Gold when it was 1400 mark (mid March), i had opened a long position and it has been very successful. made quite a lot of money. All the expectations were there that Gold will close the year on 2000 mark. since the begining of September it started going down and i dont wanna resign just yet from my position (Stick to the plan). Anyway i set a stop loss at 1300 mark but i hope it never raches that.
I am still on a tidy profit (200 points), Do you think it will bounce back or is it gonna dip down especially if the crisis is over
Should i quit or stick to the plan

Thanks

I guess you are setting on som nice profit mate if you haven't closed your position yet ( you should be on like 350 points up by now)

[sunny]

I guess you are setting on som nice profit mate if you haven't closed your position yet ( you should be on like 350 points up by now)

I close my position end of last month on a 300 points up. Good enough for me!!! I am taking a little break now until the markets becomes steady, are you trading any special market these days???