At the time of Writing this report gold is trading at $1267 while white metal is trading at around $15.00,Today gold climbed up to $1279 in early trading hours and silver also made a steep incline over the $15 mark due to which our stop loss has been triggered for both the precious metals and currently we are holding two positions in our portfolio and both positions are well active-This climb which we have witnessed today is manifesting due to many reasons but one of the reason we believe which is more accurate is a little bit different than you might think.“The speed and magnitude of the move probably are being exacerbated by the machines and model-driven trading. Human beings tend not to react this fast and violently.” – Neal Berger, Eagle’s View Asset Management, as quoted in today’s Wall Street Journal.
Another major news came from Treasury Secretary Steven Mnuchin who held calls on Sunday with the heads of the six largest U.S. banks to shore up confidence in the U.S. financial system amid the recent market turmoil. "The banks all confirmed ample liquidity is available for lending to consumer and business markets," a statement from the Treasury said.
we will monitor the statement and actions closely by the Treasury Secretary Mnuchin as next few days will be crucial to settle the wall street concerns for the ongoing plunge in the stock market
Two positions are active in our portfolio-Currency Pair: XAGUSD(SILVER)
Sell Stop Entry Price:15.00
Take Profit: 14.00
Stop Loss:15.500(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 4000USD
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1270
Take Profit: 1240
Stop Loss:1304(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 2000USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Another major news came from Treasury Secretary Steven Mnuchin who held calls on Sunday with the heads of the six largest U.S. banks to shore up confidence in the U.S. financial system amid the recent market turmoil. "The banks all confirmed ample liquidity is available for lending to consumer and business markets," a statement from the Treasury said.
we will monitor the statement and actions closely by the Treasury Secretary Mnuchin as next few days will be crucial to settle the wall street concerns for the ongoing plunge in the stock market
Two positions are active in our portfolio-Currency Pair: XAGUSD(SILVER)
Sell Stop Entry Price:15.00
Take Profit: 14.00
Stop Loss:15.500(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 4000USD
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1270
Take Profit: 1240
Stop Loss:1304(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 2000USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)