At the time of writing this alert our full net long position in gold, silver and mining stocks is well justified from risk and reward perspective, we opened long in gold@1252 and silver@15.870, we are already in profit, we are sending this very short alert to notify you of two things(proper analysis will be sent tomorrow)
1-we decided to increase the size of our long trading position to 200% of the regular size of the position 2- We are also moving our initial target levels higher The upside potential.
Being bearish for the medium term is one thing, but ignoring an extra clear buying opportunity is a something entirely different. We don’t think that the final bottom for the precious metals market is yet in, but at the same time, it seems that PMs got ahead of themselves during the decline and need to correct first before they will be ready to decline once again. many regards-Neeraj Pandey
Current positions
Buy Order: XAUUSD(Gold) (short-term signals) (please note-we can change t.p or s.l depending on market condition)
Buy Price: 1253
Take Profit: 1299
Stop Loss: 1225
Buy Order: XAGUSD(Silver) (short-term signals) (please note-we can change t.p or s.l depending on market condition)