Price is trading sideways and has retested many times horizontal support, with todays FOMC meeting minutes we expect volatility in gold price and potential of price breakout towards the downside....
in order to benefit from current scenario we can PUT options at 1920 strike price or below to get good RR and maximum risk of 2.20 euro per lot ( multiplied by number of lots you take ) for example in 5 lots max loss is around 11 euro only.. irrespective of how big price movement can be against ur trade..
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in order to benefit from current scenario we can PUT options at 1920 strike price or below to get good RR and maximum risk of 2.20 euro per lot ( multiplied by number of lots you take ) for example in 5 lots max loss is around 11 euro only.. irrespective of how big price movement can be against ur trade..
Follow us for updates..
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