1W Chart:
Below the week there was little difference between the trend line and resistance, and this did not include a good risk / reward ratio.
I shared ideas about the trend towards gold and precious metal stocks.
But I think it will test the resistance of 1569.4 in a short period of time with the addition of Iran news which are already moving towards resistance.
A long signal on the weekly chart was taken a few weeks ago, but as I said, I waited for the trend line break.
Then an invalid short signal was received, which is due to high volatility.
That's why I don't recommend large transactions, but it has a nice risk / reward ratio because may considered with reasonable small amounts.
It can also open from above at opening.
Parameters :
- Risk/Reward Ratio : 1/2.65
- Position Size : %1
- Stop-Loss: 1545.96 ( Manually taken from 1546.22 )
- Target : 1569.4 (1W Resistance Level )
You can look at related ideas to look at my general view of Gold and Global Markets.
Overall I am expecting a more mercantilist financial quarter.
If the air becomes more serene, the industrial metals will take its share.
But now we are in the short-term stop and wait mode for stock markets because of news from Middle East.
Regards.
Trade fermée: cible de profit atteinte:
I dunno opening price but target reached )
Commentaire:
I'm looking for prices over 1569.4 a few days for another long or vice versa for another short (y)
