Eoin Treacy's view I have been trailing a stop up behind my gold long as it rallied from the $1321 lows and decided to pre-empt it this afternoon selling the June contract $1461.60 against my purchase at $1384.40 on April 16 th . The $1500 area, having been a previous area of support, now represents a potential area of resistance. Considering the technical damage sustained to gold's trend, I am unwilling to sit with the position in the hope that it can sustain a move above this area. I may seek to reopen a long position if there is evidence of demand returning above the April lows on a pullback.