Commodities Trading Ideas: Gold Holds below 1650, WTI stable after the drops
Strong US dollar waighs down on Gold
Trading Idea: Trending Down
Entry Point | Stop Loss | Take proft 1 | Take Profit 2 |
1665 | 1685 | 1630 | 1612 |
Comment: Trading within a bearish technical pattern favors the fall. However, RSI and MACD are flat which suggests range trading
Order Type: Sell Limit
Risk-reward ratio (SL to TP 1): 1:1.75
Risk-reward ratio (SL to TP2): 1:2.65
Silver continue to trade in a bearish channel
Trading Idea: Trending Down
Entry Point | Stop Loss | Take proft 1 | Take Profit 2 |
18.70 | 19.05 | 18.10 | 17.78 |
Comment: Trading within a bearish channel favors the fall. However Technical indicators suggests a reversal
Order Type: Sell Limit
Risk-reward ratio (SL to TP 1): 1:1.71
Risk-reward ratio (SL to TP2): 1:2.618
WTI retreats below $85.50
Trading Idea: Trending Down
Entry Point | Stop Loss | Take proft 1 | Take Profit 2 |
85.80 | 88.40 | 83.20 | 79.00 |
Comment: Trading within a bearish channel and below moving averages favors the fall. However breaking the support level is required to confirm the trend
Order Type: Sell limit
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
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