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 beleive 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 active:
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.450(moved stop loss)
Capital Risk:200 USD
Potential Reward: 1200USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1340(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: 1800USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.450(moved stop loss)
Capital Risk:200 USD
Potential Reward: 1200USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1340(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: 1800USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)