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            
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out