FxWirePro Short term outlook: Buy gold targeting $1400 area in the near term

We, at FxWirePro, have remained long in gold since $1060, though we missed some of the pips on its way to current price. We can review some of our previous calls here, http://www.econotimes.com/FxWirePro-Gold-likely-to-reach-$1500-231263. Two of our bull calls remain active and they are well within the money; one targeting $1520 area and the other one targeting $1670 area.

If you feel that you missed out on those calls or have a lesser patience for medium to longer term calls or lesser appetite you can go for our fresh with very good risk/reward profile.

To understand why we are bullish on gold, check out the fundamentals shared through the above link or read through the fundamental articles in EconoTimes.

Trade idea:

Buy gold at the current price of $1332 per troy ounce and at dips with a stop loss around $1310 area and target around $1410 area.