At the time of writing this report gold is trading at $1280 while white metal is hovering around $15.300,we have seen slight upward pressure in silver which drag the prices up to $15.430 which means our silver position is still active as we trailed the stop loss to $15.450 but if your stop loss has been triggered that simply means you have not chosen a suitable broker platform which is not offering you the minimum spread. Today we witnessed a slight pressure in gold and silver prices due to stronger DXY and weakening in crude oil.U.S. Stock market remains in short term price uptrends on the daily chart and it already reached it's four-week highs this week however Asian and European stock market moved back and forth today.
There are news coming from the china that Bing which is a search engine of Microsoft is missing from China's internet. Both countries agreed to talks in Washington, D.C next week but U.S-China trade war seems not to improve if these kinds of news will come out. The partial U.S Government shutdown seems to damage the U.S economy as the most economists are predicting zero growth in the U.S. economy in the first quarter of 2019. The U.S. flash services PMI, the U.S. flash manufacturing PMI will be released today
The eurozone purchasing managers index (PMI) showed a reading of 50.7 in January which was 51.2 in December. The reading was at the lowest in five years. There are some valid concern in investors and traders about slowing in global economy in 2019 which we also agree to however our research suggests that there is much more room for dxy and U.S equity to go higher which eventually means decline in precious metal sector but 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.
( we have noted the potential for a full re-test of the 1173 swing low from back in August of 2018.)
Our Active position
Short Gold 0.72% -0.41% 0.32% 0.29% -0.22% -(1270)
SL: 1306
TP: 1240
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:15.800
Take Profit: 14.00
Stop Loss:15.450(Trailed stop loss)
Capital Risk:0 USD If stop loss will hit gain-2000USD
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1290
Take Profit: 1160
Stop Loss:1320(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: 8000USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)
There are news coming from the china that Bing which is a search engine of Microsoft is missing from China's internet. Both countries agreed to talks in Washington, D.C next week but U.S-China trade war seems not to improve if these kinds of news will come out. The partial U.S Government shutdown seems to damage the U.S economy as the most economists are predicting zero growth in the U.S. economy in the first quarter of 2019. The U.S. flash services PMI, the U.S. flash manufacturing PMI will be released today
The eurozone purchasing managers index (PMI) showed a reading of 50.7 in January which was 51.2 in December. The reading was at the lowest in five years. There are some valid concern in investors and traders about slowing in global economy in 2019 which we also agree to however our research suggests that there is much more room for dxy and U.S equity to go higher which eventually means decline in precious metal sector but 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.
( we have noted the potential for a full re-test of the 1173 swing low from back in August of 2018.)
Our Active position
Short Gold 0.72% -0.41% 0.32% 0.29% -0.22% -(1270)
SL: 1306
TP: 1240
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:15.800
Take Profit: 14.00
Stop Loss:15.450(Trailed stop loss)
Capital Risk:0 USD If stop loss will hit gain-2000USD
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1290
Take Profit: 1160
Stop Loss:1320(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: 8000USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Comment:
gold has broken above it's major and psychological resistance that something one should focus on which would definitely attract buyers for short term-our gold trade is still well active and our trailed stop loss in white metal has been triggered in which we gained $2000USD-Update-we will add a short term trade for white metal( silver ) again in our portfolio because we believe the upcoming slide which is going to occur in precious metal sector will add enormous profits in our portfolio due to very high reward and minimum risk nature of our trades-we will post some important updates on Monday (if you have been involved in P. Ms trading from so long you wouldn't have taken this $20 price action as a substantial move
Trade closed: target reached:
Trailed stop loss reached-For silver only
Trade closed: stop reached:
stop reached for gold