GOLD (XAU/USD) BUY IDEA

607
Hey tradomaniacs,

welcome to another free trading-setup.

Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!

MY thoughts:

Since fundamentals seem to put YIELDS under pressure, we could see a cashflow out of Bonds into no-Interest-assets again such as Gold and Silver.
If Yields drop with US-DOllar we would get the very perfect circumstances to see a strong bullish impulse for Gold.


GOLD (XAU/USD): Day-Swingtrade-Preparation

  • Market-Buy: 1741,00
    Stop-Loss: 1725,00

    Point of Risk-Reduction: 1755,00
    Take-Profit: 1794,00

    Stop-Loss: 16 points (160)pips
    Risk: 0,5% - 1%

    Risk-Reward: 3,50


snapshot


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Peace and good trades
Irasor

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