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
