March – Trading Results

Trading Summary – Gold & Silver

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We take a look back at our trading recommendations and past analysis as we felt it can give our readers a sense of how gold prices have moved throughout the month of March. A quick reflection may paint some clues as to where prices may be heading in April. Several things to take into consideration are:

 

  • Weaker than expected US economic data?
  • Federal Reserve hint of no rate hike in June?
  • Correction in the Equity market?
  • Saving Private Greece

Trade Summary – Gold

 

Positions Date Entry Price Exit Price Stop Loss Results Total Pips
LONG 5th January 1209 1218 1199 + 9 + 9
LONG 5th January 1209 1239 1199 + 30 + 39
SHORT 19th January 1296 1266 1308 + 30 + 69
SHORT 19th January 1296 1255 1308 + 41 + 110
SHORT 28th January 1296 1267 1296 + 29 + 139
2nd February + 139
LONG 09th February 1226 1221 1221 -5 + 134
LONG 09th February 1221 1221 1221 0 + 134
LONG 09th February 1216 1221 1221 +5 + 139
LONG 16th February 1207 1216 1191 +7 + 146
LONG 16th February 1201 1201 1201 0 +146
LONG 16th February 1197 1201 1201 +4 +150
SHORT 23rd February 1206 1189 1248 +17 +167
SHORT 23rd February 1211 1177 1248 +34 +201
SHORT 23rd February 1215 1152 1189 +63 +264
SHORT 16th March 1178 1206 1206 -28 +236
SHORT 23rd March 1196 1206 1206 -10 +226


 

Trade Summary – Silver

 

Positions Date Entry Price Exit Price Stop Loss Results Total Pips
SHORT 2nd February 17.60 17.15 18.10 + 45 + 45
SHORT 2nd February 17.60 16.85 18.10 + 75 + 120
SHORT 2nd February 17.60 17.25 17.25 +35 + 155
SHORT 16th February 17.36 17.26 17.66 +10 + 165
SHORT 16th February 17.36 17.06 17.66 +30 + 195
SHORT 23rd  February 16.70 16.70 16.70 0 +195
SHORT 23rd  February 16.80 15.55 16.66 +125 +320
SHORT 16th March 15.95 16.35 16.35 -40 +280

 

This article is written according to the author’s views and by no means indicates investment purpose. Opinions expressed at Sharps Pixley Ltd are those of the individual authors and do not necessarily represent the opinion of Sharps Pixley Ltd or its management, shareholders, affiliates and subsidiaries. Sharps Pixley Ltd has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and Sharps Pixley Ltd is not accountable for their input. Any opinions, research, analysis, prices or other information contained on this website, by Sharps Pixley Ltd, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Sharps Pixley Ltd will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. 

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