We are in a critical point for gold and silver, tomorrow or Friday (NFP) we will have a clearer picture.
I believe the resistance will hold. If that's the case, gold and silver will go down. I think silver will be more rewarding among the 2.
Pay close attention to the 10Y behavior before taking any position.
Will update when we have a clear direction.
I believe the resistance will hold. If that's the case, gold and silver will go down. I think silver will be more rewarding among the 2.
Pay close attention to the 10Y behavior before taking any position.
Will update when we have a clear direction.
Note
We will soon test the resistance on UJ, if this break, that is likely confirm the short. This can happen tomorrow on the NFP.Note
Looks like it has found a direction. Silver is down quite signiticantly at the moment. Finally, it seems that neither Trump's missiles or NFP were able to stop its cycle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.