Dear Traders,
I wanted to inform you that I am planning to take a short position on gold. Both technical and fundamental factors are strongly supporting this move right now.
Recent news, such as the signing of agreements between countries to stop bombings, is a key development that could stabilize the markets. This, in turn, is expected to lead to a decline in the price of gold. This aligns perfectly with the technical signals we are seeing, making the short position on gold a good opportunity.
Additionally, I will be taking a second short position to improve the risk-reward ratio further. By scaling in, we can optimize the potential returns while managing the risk more effectively.
Stay focused and monitor the markets closely. Best of luck with your trades!
Best regards,
Sam Pironi
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