BUY GOLD AND SILVER BEFORE IT'S TOO LATE-BE CAUTIOUS
with writing, this analysis Gold is trading at $1291 while white metal is at $15.712.In the early U.S. trading Wednesday we have seen gold prices to rally almost $6 and the main culprit behind this small upswing is the decline in the prices of greenback.DXY almost fell to its 2.5 months low and the rally in the oil market also supported the safe heaven metals prices-However the major decline which we witnessed in the DXY today should have helped the yellow metal prices to surge dramatically but it didn't and gold prices are trading just moderately higher. most investors are getting their confidence back as reports continue to be positive on the U.S-China trade war. The implications of that the U.S, Asian and European stock market were trading significantly higher today, we have also seen the Amazon prices to rally from $1300 to $1700 in just two weeks. we want to inform you not to expect the huge surge in precious metal sector from these levels,
you could witness a significant selling pressure as prices are getting closer to the psychological $1,300 mark
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -
buying pressure)
$1310
$1320
Sell Stops- 1260 selling pressure)
1240
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:16.200(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 1200USD
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:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 800USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)
you could witness a significant selling pressure as prices are getting closer to the psychological $1,300 mark
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -
buying pressure)
$1310
$1320
Sell Stops- 1260 selling pressure)
1240
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:16.200(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 1200USD
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:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 800USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)