PUSH Forex Signal for GOLD:
Instrument #1: GOLD metal (Daily chart)
SELL GOLD @ $1,855.30 per ounce
Stop Loss @ 1379.81 (Risk-to-Profit ratio is 1:2)
Take Profit: 1758.65
See how the trade goes:
CLICK TO ENLARGE
Result: As at the time of this report precisely on September 15th, 2011 Gold declines to $1,803.62 per ounce giving $1,557 in profit value. The target profit, $1758 per ounce, would be hit if the neckline (point 2) of the 1-2-3 DOWN pattern is broken.
Instrument #2: Gold vs. Euro
SELL GOLDEURO @ 1,327.75 per ounce
Stop Loss @ 1379.81 (1:2 Risk-to-Profit factor)
Take Profit @ 1288.90
PUSH FACTOR:
All technical indicators make 'lower high' pattern with price on PUSH Forex Formula. This indicates more bearish runs on GOLDEURO instrument in as much as this is a daily chart. You can switch over to weekly & monthly charts to see the long-term trend of this trade...
Result: Already yielding profits 1,344.29 euros (below entry point). We hope to take profits down below the neckline is broken.
GOLDEURO Trade (Daily) chart:
NOTE: Since this instrument correlates (goes in the same direction) with Gold metal above, we decided to 'sell short' GOLDEURO as we did for Gold metal.
GOLDEURO declining further as predicted!
GOLDEURO declining further as predicted!
More reports would be given subsequently on how fast we go on this trade....Ok!
