GoldSilverAnalyst
Short

This Is Your Final Warning Before Things Get Ugly

FX:XAUUSD   Gold Spot / U.S. Dollar
UPDATE-we have reduced the risk in our ongoing trades by lowering stop loss levels( gold trade is risk-free)

Without explaining the delay of our daily analysis let's get to it straight as that what matters most. Kudos to all the permabulls who successfully panicked the naive investors by saying the same thing they are repeating since 2012 that stock market is gonna crash, U.S dollar is going to collapse and what not. As we all know gold along with the white metal works perfectly well as a safe haven asset so you shouldn't be surprised by hearing crazy expected target for the precious metal sector. If you’ve been waiting, the wait is over. And I wouldn’t be waiting for lower prices, because I doubt we’re going to see them. The prices are low enough. Just buy them.”
This article was published on June 30, 2016, when gold made a top around $1363 by known expert Peter Schiff, if one had invested or open any position in yellow metal at that time they would have suffered a significant loss in their portfolio. This joke happens every year and due to greed most naive traders and investors fall into the obvious trap. The above doesn't indicate that we are perma bears for the precious metal sector instead we as a gold silver-analyst believes what we witness in the chart and macroeconomics also plays a role in our decision making.


As of me, writing this report gold is trading at $1308 while white metal is hovering around $15.700.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)
pls stop shorting gold , do you know from when you are shorting gold
Reply
@golden88, yup since it was trading at $1358 all the way down to $1230-
Reply
golden88 GoldSilverAnalyst
@GoldSilverAnalyst, but i saw your post when gold was 1220 you are shorting & still you are shorting
Reply
@golden88, yup used to use the previous id-Not active anymore-https://www.

Reply
GoldSilverAnalyst GoldSilverAnalyst
@GoldSilverAnalyst, our overall portfolio is in deep profit and we believe the decline will start sooner or later however as of now our gold trade is risk-free but i'll keep you updated whether profit or loss-The long term picture is still very bearish
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