📔 Trading Journal#gold-commodities-club#gold#silver#journal
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Price Action Pro
Trader ·
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Gold and silver trade recap — this week's positions.
Gold long: Entered at $2,348 on Monday (demand zone as discussed). Held through Wednesday's soft US data which pushed gold to $2,388. Took half off at $2,382 and moved stop on the rest to breakeven.
Silver long (new): Entered at $28.65 on the Gold/Silver ratio thesis from my post earlier this week. Silver jumped 3.2% on Wednesday — took profit at $29.80. Nice catch.
Gold (remaining half): Still holding above $2,348 breakeven stop. Currently $2,375. Watching for a push toward $2,400.
Combined week: Gold half-position +$34, Silver +$1.15/oz. Solid week for the precious metals thesis.
Lesson: The silver add was opportunistic but fit the fundamental thesis perfectly. When both technical and fundamental align (ratio extreme + technical double bottom + safe haven bid), sizing up is justified.
Is anyone else tracking the gold/silver ratio as part of their commodity portfolio strategy?