He is looking to buy a dip to $1,239/oz - $1,240/oz. If the $1,238/oz level is cleared, he says there is the potential to add to a long position and buy a 'rip' of $1,250/oz.

His stop is $1,230/oz. The targets are $1,270/oz and $1,295/oz.

Lambert explains the background to a selected trade regularly on Trading Floor.