lo ji mere pehle hi view mein sl hit
i just short gold again now its open, i can hold so i will hold
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?