Update -we are moving our stop loss in gold@1246,at the same time we are opening one more short term position in gold which would be highly profitable if all the factors wil remain in place as they are right now which confirm our short bias as our outlook remains very bearish for gold and silver-however these short term price correction is part of the cycle(Please remember-we do daily depth analysis in precious metals in which we look more than 30 different charts,we also keep our eyes on macroeconomic factors-we try to be as objective as possible without getting attached to our positions,and at the moment all factors remained in place which support our short bias in P.Ms
short-term Trades
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1240
Take Profit: 1180
Stop Loss:1260
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 6000USD
Risk/Reward: 1:3
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Should you require any more information don't hesitate to contact us.
Many regards,
Neeraj Pandey
short-term Trades
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1240
Take Profit: 1180
Stop Loss:1260
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 6000USD
Risk/Reward: 1:3
(we can adjust (limit, close or even reverse) the position before this price level is reached)
Should you require any more information don't hesitate to contact us.
Many regards,
Neeraj Pandey