Gold XAUUSD - SHORT Short Term With 3 Long Plays giving 14 x RR
With the explosive gains had across metals I thought its a good time to really trying to make a case for a potential pull back. With Gold making all time highs and Silver reaching 50% of All time highs it would not surprise me in the slightest to see some profit taking and rape spikes force people to part with some profits.
It's been a very profitable week for those that have taken my calls this week - If you have taken the ride with me be sure you preserve the farm.
If price falls into our traps here these will offer very health Risk/reward ratios.
I have marked out 4 potential areas that I believe the algos will run price with view to forcing you to part with some money.
*If price retraces to 2010.85 I'll be looking to add to my Gold/Silver position's.
*If this price doesn't hold 2004 I think Gold will grind lower to around 1980 where I will be looking to add to my longs on Silver/Gold offering a fantastic Risk/Reward setup.
Depending on market structure in due course on metals and USD basket, ill be making a regular assessment of this analysis so be sure to click Follow.
To be clear LONG TERM I'm Bullish on all risk on investments with nothing in clear sight that will change that any time soon. With that said its easy pickings for algo's atm as lots of Longs are sitting in profit with predictable stops.
Its for the above reason that i believe we need to see some blood and pain inflicted on retail/fund money before our next leg higher.
The Entry Zone offers potential 14 x on your risk put forward. We must be vigilant with preserving capital by ensuring we have stops of hedges in place (my preferred method) should price go against us in the short term.
Once these areas of price have been revisited I do believe it will make for a sound base for our next leg up on metals.
(Be mindful we have Unemployment claims being released in 9 hrs for USA, this will impact the Gold price. Do not try apply logic on news effecting price as they will use this to furfil a agenda and nothing more)
If you have any questions what so ever feel free to tack them onto the comments section.
Click FOLLOW to remain updated on this analysis.
SMTP
Attached is a link to trade offering a Silver play with a potential 64 X
It's been a very profitable week for those that have taken my calls this week - If you have taken the ride with me be sure you preserve the farm.
If price falls into our traps here these will offer very health Risk/reward ratios.
I have marked out 4 potential areas that I believe the algos will run price with view to forcing you to part with some money.
*If price retraces to 2010.85 I'll be looking to add to my Gold/Silver position's.
*If this price doesn't hold 2004 I think Gold will grind lower to around 1980 where I will be looking to add to my longs on Silver/Gold offering a fantastic Risk/Reward setup.
Depending on market structure in due course on metals and USD basket, ill be making a regular assessment of this analysis so be sure to click Follow.
To be clear LONG TERM I'm Bullish on all risk on investments with nothing in clear sight that will change that any time soon. With that said its easy pickings for algo's atm as lots of Longs are sitting in profit with predictable stops.
Its for the above reason that i believe we need to see some blood and pain inflicted on retail/fund money before our next leg higher.
The Entry Zone offers potential 14 x on your risk put forward. We must be vigilant with preserving capital by ensuring we have stops of hedges in place (my preferred method) should price go against us in the short term.
Once these areas of price have been revisited I do believe it will make for a sound base for our next leg up on metals.
(Be mindful we have Unemployment claims being released in 9 hrs for USA, this will impact the Gold price. Do not try apply logic on news effecting price as they will use this to furfil a agenda and nothing more)
If you have any questions what so ever feel free to tack them onto the comments section.
Click FOLLOW to remain updated on this analysis.
SMTP
Attached is a link to trade offering a Silver play with a potential 64 X
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