Trade of the Week – 24-11-2024 – XAGUSD

Weekly Highlights and Performance Overview

Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.

Featured Trade Signal

https://signalsoracle.com/wp-content/uploads/2024/12/XAG01Dec2024.jpg

Date of issue – 24-11-2024

Commodity – XAGUSD

Entry Price– 30.44

Stop Loss – 30.03

Take Profit 1 – 30.85 | Reward to Risk Ratio – 1:1

Take Profit 2 – 31.67 | Reward to Risk Ratio – 3:1

Result at a Glance

Outcome – Hit Stop

Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.

Strategic Insights

• Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.
• Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.

Market Conditions and Analysis

Metals, both Gold and Silver, had a bearish week. Only to come down to a level of support. Our stop loss for the Silver Long was close to the Low of the week.

Summary and Learnings

Having a stop-loss enables us to keep our losses low and look for new opportunities shortly after, as opposed to hanging on to losing positions and keeping our capital tied up and also risking the possibility of taking huge losses.

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