A Possibility for gold to drop below $1350 in weeks grow higher

Gold and silver prices are sharply lower and have at least temporarily lost their recent safe-haven bid in morning dealings Thursday, as the U.S. stock market is rallying and the stock indexes are sharply higher on the day. News the U.S. and China will restart their trade talks in October has injected fresh investor optimism into the marketplace--at least for now.


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