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ok guys like I said this is the second update on our position open position inthe goldall right now extremely with the copper and they they both are highly correlatedso it's no surprise that the Gold is also moving forward them just as well asthe copper does but in this case the gold is still far from our price targetit's about fifty dollars far from our price target which we've seen previouslythat the copper is just about to reach to our price target so this positionwill still go on in the next two days nowwhat one thing i want to do here is actually update my stoppers level andput it straight on to my entry level and basically eliminate the risk on thatposition rightI'm just going to refresh your memory in terms of the analysis because I wish Iwant to show you but in case you forgot why we initially have placed our pricetarget where we have at the level of 13 90so in this case did the analysis start from the monthly chart and if youremember I actually analyzed that downside movement right hereand what I did is I try to I measured the Fibonacci corrective levels becauseI will do the assumption was that we may have a new upside a trend-right goingforward and
taking the last hibut even if we don't we're still going to haveyou know a minimal correction of the tall downside movementso a minimal correction is actually the level of 38.2 of the bonacci and where Imeasured the Fibonacci corrective levels that actually fall exactly on theirlevel here which is the 13 90 that's why we've put our price target right thereso i'm going to quickly move to the daily chart and now what I want to do isjust drag my stop was level straight to the entry level right foot like justlike that rightand basically there is no risk any more on that position hopefully of courseprice will not correct and take ittake care of my stop loss level of course there is a you know there is achance that that will happen because markets you know um not alwayswell I would say not predictable but still it's it's not likely that willhappen it's it is much more probability that this positive momentum will keepgoing forward and all the way to our price target right so wellthat was about itand i'll see on the next training opportunitybye-bye
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