MY GOLDEN FOLLOWERS ARE YOU READY FOR THE EPIC OPPORTUNITY?
Previous Update-We have taken all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the precious metal sector, and we would open more short position in silver once market will present us another opportunity, Be prepared.
Latest Update-We have closed our existing position in gold with No profit and No loss, However, at the same time, we have opened two positions for the yellow metal in the light of today's fed meeting and the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry which is mentioned below.
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1475
Take Profit: 1400
Stop Loss:1510(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level(T.P) is reached)
Buy Stop Entry Price:1520
Take Profit: 1580
Stop Loss:1490(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level(T.P) is reached)
As we are publishing this report, Gold is trading at 1500.40 USD per ounce, and the white metal is trading at 18.0 USD per ounce. Gold and silver prices are modestly higher in midday U.S. trading Tuesday. Safe-haven demand was featured again today and will likely continue in the near term after the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. The U.S. and Saudi Arabia are not likely to just sit on their hands, which will keep anxiety in the world marketplace elevated. The other big markets event taking place this week is the meeting of the Federal Reserve’s Open Market Committee (FOMC) that began Tuesday morning and ends Wednesday afternoon with a statement. It’s widely believed the FOMC will lower U.S. interest rates by 0.25%. President Trump has been brow-beating the Fed recently to get on the stick and lower interest rates, to make the U.S. more competitive with other nations on trade. The marketplace was somewhat disappointed China’s central bank did not move more aggressively to ease its monetary policy Tuesday, following some weak economic data the country released this week. However, China’s central bank could soon follow any U.S. rate cut with one of its own.
There was a report today that said Saudi Arabian oil production will be back online much sooner than initially expected—within weeks, and not within months.
Latest Update-We have closed our existing position in gold with No profit and No loss, However, at the same time, we have opened two positions for the yellow metal in the light of today's fed meeting and the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry which is mentioned below.
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1475
Take Profit: 1400
Stop Loss:1510(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level(T.P) is reached)
Buy Stop Entry Price:1520
Take Profit: 1580
Stop Loss:1490(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level(T.P) is reached)
As we are publishing this report, Gold is trading at 1500.40 USD per ounce, and the white metal is trading at 18.0 USD per ounce. Gold and silver prices are modestly higher in midday U.S. trading Tuesday. Safe-haven demand was featured again today and will likely continue in the near term after the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. The U.S. and Saudi Arabia are not likely to just sit on their hands, which will keep anxiety in the world marketplace elevated. The other big markets event taking place this week is the meeting of the Federal Reserve’s Open Market Committee (FOMC) that began Tuesday morning and ends Wednesday afternoon with a statement. It’s widely believed the FOMC will lower U.S. interest rates by 0.25%. President Trump has been brow-beating the Fed recently to get on the stick and lower interest rates, to make the U.S. more competitive with other nations on trade. The marketplace was somewhat disappointed China’s central bank did not move more aggressively to ease its monetary policy Tuesday, following some weak economic data the country released this week. However, China’s central bank could soon follow any U.S. rate cut with one of its own.
There was a report today that said Saudi Arabian oil production will be back online much sooner than initially expected—within weeks, and not within months.
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