my commodity views (will be active thread) must read for you knowledge

neo1599

Active Member
#5
lo ji mere pehle hi view mein sl hit :p
i just short gold again now its open, i can hold so i will hold :p

Why are you short on GOLD?

1- Rupee single sided up for the day, cost of importing gold up.

2- Expect more intervention from govt., reiterated over and over.

3- International Markets mostly flat.

4- Your SL is Rs. 140. Which would give you whip-lash just from a small move. While Target is: Rs. 259. So three similar trades in which you only hit the Target once: 259 and two SL hits: 140+140, leaves you with a negative on the whole. RR strategy?
 

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