Current active position
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1338
Take Profit: 1160
Stop Loss:1360(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:9
Current active position
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
Last week comments-The yellow metal has also broken it's $1300 psychological resistance and currently trading at 1304$ per ounce.so what do we suggest? personally having a long term trading position in the portfolio we are not making any change within our existing position however you'll need to understand that the yellow metal could move higher once the market will re-open,so if you want to trade and buy for the short term that's fine but keep in mind our short bias is still very strong towards precious metal sector for the long term
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1338
Take Profit: 1160
Stop Loss:1360(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:9
Current active position
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
Risk/Reward: 1:2
Last week comments-The yellow metal has also broken it's $1300 psychological resistance and currently trading at 1304$ per ounce.so what do we suggest? personally having a long term trading position in the portfolio we are not making any change within our existing position however you'll need to understand that the yellow metal could move higher once the market will re-open,so if you want to trade and buy for the short term that's fine but keep in mind our short bias is still very strong towards precious metal sector for the long term
Short term-Bullish
Our long term positions are well intact in both gold and silver.