Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–Gold has yet to confirm the drop below October’s low in silver. Such non-confirmations are often common at turns.
-Silver itself is at well-defined support (silver is on the bottom) and gold trades at trendline support.
Trading Strategy: The combination of support in both metals, the mentioned non-confirmation, and today’s inside day (signs of stabilizing?) is enough evidence to go long against 1250.
LEVELS: 1234 1251 1260 | 1280 1289 1297