Previous comments are still up-to-date
Please note-Due to our trailing stop loss mechanism our gold trade is risk free now-
As of me, writing this report gold is trading at $1306 while white metal is hovering around $15.560.U.S dollar index moves higher and reached it's seven weak high today. The weaker crude oil prices also impacted P. Ms .There are no major U.s economic report came out today however besides this most investors are focusing on the U.S-China trade talk which is going to take place in Beijing, it's very likely that lightizer and U.S. Treasury Secretary Mnuchin will attend the talk.Us government is set for another partial shutdown as on this Friday the resolution passed by Congress will expire which seems to help P. Ms in a slightly positive manner however we don't believe this will impact the prices in any significant way. Due to the government shutdown, we are also unable to watch cot report as Commitments of Traders data are only available through 12.31.18. The monthly or the long term chart of gold says it all that we are still in a very heavy bear market although we have witnessed a significant move in the yellow metal since it's last bottom formation at $1160 it doesn't invalidate the bigger trend in play. gold doesn't validate the bull market unless it breaks above it's solid long term key resistance which is at around $1390 while silver has a long way to go and does not confirm a bull market unless it breaks above 21.23, which was 2016 high, However it doesn't indicate that we can't open any long positions in our portfolio before the mentioned key levels reached. The HUI/Gold ratio (daily) has not yet made a bullish signal. The major trend is still down and until that changes, we should Not be too optimistic. our research suggests that there is much more room for dxy and U.S equity to go higher which eventually means the decline in the precious metal sector but the once precious metal sector will bottom out then we would be able to grab enormous profit in our portfolio by going long in gold and silver .
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OUR EXISTING POSITIONS
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.100(moved stop loss)
Capital Risk:500 USD
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:0USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 18000USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Please note-Due to our trailing stop loss mechanism our gold trade is risk free now-
As of me, writing this report gold is trading at $1306 while white metal is hovering around $15.560.U.S dollar index moves higher and reached it's seven weak high today. The weaker crude oil prices also impacted P. Ms .There are no major U.s economic report came out today however besides this most investors are focusing on the U.S-China trade talk which is going to take place in Beijing, it's very likely that lightizer and U.S. Treasury Secretary Mnuchin will attend the talk.Us government is set for another partial shutdown as on this Friday the resolution passed by Congress will expire which seems to help P. Ms in a slightly positive manner however we don't believe this will impact the prices in any significant way. Due to the government shutdown, we are also unable to watch cot report as Commitments of Traders data are only available through 12.31.18. The monthly or the long term chart of gold says it all that we are still in a very heavy bear market although we have witnessed a significant move in the yellow metal since it's last bottom formation at $1160 it doesn't invalidate the bigger trend in play. gold doesn't validate the bull market unless it breaks above it's solid long term key resistance which is at around $1390 while silver has a long way to go and does not confirm a bull market unless it breaks above 21.23, which was 2016 high, However it doesn't indicate that we can't open any long positions in our portfolio before the mentioned key levels reached. The HUI/Gold ratio (daily) has not yet made a bullish signal. The major trend is still down and until that changes, we should Not be too optimistic. our research suggests that there is much more room for dxy and U.S equity to go higher which eventually means the decline in the precious metal sector but the once precious metal sector will bottom out then we would be able to grab enormous profit in our portfolio by going long in gold and silver .
(
OUR EXISTING POSITIONS
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.100(moved stop loss)
Capital Risk:500 USD
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:0USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 18000USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)