Trade Alert: Long Gold with a $1279 Stop

Update: 

We are stopped out on a $1278.80 print on spot. If the market takes a ride higherlater on it will be without us. The risk reward is no longer there on our time frame.

We wait on the next alert on whatever market shows up. 

Soren K.

The buy order: 

A

 

We’re buying Gold on a spec trade right now and are filled at 121.55 in GLd using Spot gold as trigger. 

VBS Alert Basis Spot:

  1. Buy Gold now with a hard stop loss at 1278.90
  2. take all profits at 1.5 to 2x what your downside risk is. Alternatively, raise your stop to a level just under your target and let profits run. 
  3. Close postion if neither profitable nor stopped out on 3 hours (3 bars) 
  4. close postion regardless by end of day. Per this system. 

Expect 50/50 chance of profit. Being stopped out and having the market resume the rally is also possible. But not a reason to get back in according to this alert. 

i

Disclaimer:

This is what the Soren K. Group is doing right now. Think for yourself.

These are professional trade signals and you should do nothing unless you are preprated to be fully responsible for your own actions.

Dont Be Stupid. 

Good luck 

Read more by Soren K.Group