GOLD may test 1400 levels.
Updated
We are in a good place in terms of risk / reward ratio in precious metal : Gold.
Average forecast value of investment banks' anaylsts in 2019: 1314 .
We've been a long way from these values for a while.
I am of the opinion that the short position under the influence of such a risk / reward ratio should be tested together with the following parameters :
Risk/Reward Ratio : 1/3
Position Size : %1
Stop-Loss : 1483
Goal : 1400
Average forecast value of investment banks' anaylsts in 2019: 1314 .
We've been a long way from these values for a while.
I am of the opinion that the short position under the influence of such a risk / reward ratio should be tested together with the following parameters :
Risk/Reward Ratio : 1/3
Position Size : %1
Stop-Loss : 1483
Goal : 1400
Trade active
I'm sorry, I noticed now, fortunately markets are closed.Stop-loss doing glide on chart.
So I'm updating my stop-loss script with the correct parameters and updating the analysis parameters:
Risk / Reward Ratio : 1/3
Position Size : % 1
Stop-Loss : 1486.5
Goal : 1389.75
Trade active
Our analysis continues.As we break down the 1450 levels, we're more likely to hit the target.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.