Hello Traders,
How are you all doing?
Short gold @ $1260 price range set target to $1200 with SL above $1280 price range. Prepare for at least 1:2 risk reward ratio. This trade is valid for next week FOMC MEETING minutes with taper confirmation. Basically I’ve two positions. One is for as above and other one is for long term with the target of $950 for next year 2014. I believe that gold is setting itself to go lower again.
Risk is on your own. I’m not responsible for your loss. I wish you all good luck.
Regards,
Victory Traders.
Today 600 pips profit has been booked on gold for short term trade. My post is not any more valid. Thank you.