Higher target for gold. Prepare yourself GOLD FUTURES COMEX:GC2! Nawaf__Q8 Hi there, I believe the gold0.00%% rally is getting low momentum and its price may drop like stone in water. But as I am a short-term trader I see there in good opportunity to ride last wave heading to a new top. Perhaps I will consider some contracts @ 1345 - 1346 for target @ 1354 and my SL is near 1342. Lets do some calculation: Est. profit = 1354- ((1345+1346)/2)= 9 points * 10 (ticks) = 90 * 10 (tick worth) = 900 $/contract Est. loss = ((1345 + 1346)/2) - 1342 = 3 points * 10 (ticks) = 30 * 10 (tick worth) = 300 $/contract Risk/reward= 1:3 By the way gold0.00%% mine companies also show same case such as ABX0.00%%