Gold crush or gold rush
Existing positions:
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1500
Take Profit: 1250
Stop Loss:1560(we will reduce the stop loss points once positions will be more favorable)
Capital risk:$3000(4%)
Potential Gain:$15000
Risk/Reward: 1:5
Asset: XAGUSD ( SILVER )
Sell Stop Entry Price:19.00
Take Profit: 14.00
Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable)
Capital risk:$2000
Potential Gain:$12000
Risk/Reward: 1:6
Gold is unlikely to see fresh multi-year highs in September unless the U.S.-China trade talks fail or civil unrest in Hong Kong escalates and China gets involved. After rallying in August, gold’s next month will likely be one of consolidation and range-bound trading. For the month as a whole, we see prices trading between $1,460–1,566. We are looking for a period of more restrained consolidation. The driver that can take gold past its most recent six-year high of $1,566 is either derailment of the U.S.-China trade talks or China’s move into Hong Kong.
We are cautioned about any overt Chinese move into Hong Kong or an unexpected derailment in the trade talks, as each of which could send prices higher amid increased recessionary talk. you need to keep in mind that It was the U.S.-China trade war rhetoric followed by new tariffs as well as Hong Kong unrest that were largely responsible for taking gold to six-year highs in August. We believe investors will be keeping a close eye on any U.S.-China trade developments, but negotiations are not likely to bring any meaningful results this fall, the report predicted.
If the previous 13 round of negotiations is any guide, the October talks will again fall short of meaningful results. Markets will then want to see whether the two sides will retreat angrily to their respective corners or agree to continue talking.
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1500
Take Profit: 1250
Stop Loss:1560(we will reduce the stop loss points once positions will be more favorable)
Capital risk:$3000(4%)
Potential Gain:$15000
Risk/Reward: 1:5
Asset: XAGUSD ( SILVER )
Sell Stop Entry Price:19.00
Take Profit: 14.00
Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable)
Capital risk:$2000
Potential Gain:$12000
Risk/Reward: 1:6
Gold is unlikely to see fresh multi-year highs in September unless the U.S.-China trade talks fail or civil unrest in Hong Kong escalates and China gets involved. After rallying in August, gold’s next month will likely be one of consolidation and range-bound trading. For the month as a whole, we see prices trading between $1,460–1,566. We are looking for a period of more restrained consolidation. The driver that can take gold past its most recent six-year high of $1,566 is either derailment of the U.S.-China trade talks or China’s move into Hong Kong.
We are cautioned about any overt Chinese move into Hong Kong or an unexpected derailment in the trade talks, as each of which could send prices higher amid increased recessionary talk. you need to keep in mind that It was the U.S.-China trade war rhetoric followed by new tariffs as well as Hong Kong unrest that were largely responsible for taking gold to six-year highs in August. We believe investors will be keeping a close eye on any U.S.-China trade developments, but negotiations are not likely to bring any meaningful results this fall, the report predicted.
If the previous 13 round of negotiations is any guide, the October talks will again fall short of meaningful results. Markets will then want to see whether the two sides will retreat angrily to their respective corners or agree to continue talking.
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