Significant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading have pressured the precious metal sector moderately down.No significant major chart damage has been done. Analyzing the current situation within the sector we believe moderate price decline In Gold near the $1500- $1530 Range could be a bargain to enter long. The solid technical resistance For Gold resides at the January high of $1,619 however breakout over the recent high could open a new wave of buying. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we have kept a close eye to this metal as it seems an opportunity To execute the trading position has come. we believe from risk to reward perspective Silver appeal among best opportunities at the moment As the silver price at the moment is 171.96% away from its all-time high made in 2011 whereas The yellow metal is only 17.28% away from its an all-time high.
Please Note-All active trading positions could be executed within your portfolio if they have maintained a 1:2 risk and reward ratio. In other words, you shouldn’t be concerned about imitating our exact entry-level instead Initiate the trade if they have maintained a 1:2 risk and reward ratio.
Please Note-All active trading positions could be executed within your portfolio if they have maintained a 1:2 risk and reward ratio. In other words, you shouldn’t be concerned about imitating our exact entry-level instead Initiate the trade if they have maintained a 1:2 risk and reward ratio.