Nawaf__Q8
Long

Higher target for gold. Prepare yourself

COMEX:GC2!   GOLD FUTURES
Hi there,
I believe the gold             rally is getting low momentum and its price may drop like stone in water. But as I am a short-term trader I see there in good opportunity to ride last wave heading to a new top. Perhaps I will consider some contracts @ 1345 - 1346 for target @ 1354 and my SL is near 1342. Lets do some calculation:

Est. profit = 1354- ((1345+1346)/2)= 9 points * 10 (ticks) = 90 * 10 (tick worth) = 900 $/contract
Est. loss = ((1345 + 1346)/2) - 1342 = 3 points * 10 (ticks) = 30 * 10 (tick worth) = 300 $/contract
Risk/reward= 1:3

By the way gold             mine companies also show same case such as ABX            
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out