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.
my frd u kept on telling to short gold since it was at 1180. u r still short... whts yr plan? y so much of explanation in all the postings? u shud learn more and start charting something else. Leave gold and silver. since months you proved to be wrong.... no doubt all gold stks didnt pick up much but when t comes to commodity, its not going down the way you explained in past.
NeerajPandey
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@LetsBeMillionaire, you also need to remember we kept telling gold to short when it was at 1358, and silver to short when it was at 15.80 no since months we didn't prove wrong-none of our stop loss hit yet(besides that our two short-term price targets hits) but yaa we have seen some boring sideways movement which we didn't expect but that doesn't mean due to this boring sideways movement or due to some minor correction we will stop posting our analysis-all factors still remained in place which supports our short bias in gold and silver
NeerajPandey
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@NeerajPandey, we will reply you once we will close the signal-not only short bias is in our side-our risk has also been reduced by carrying trade