For those that have been waiting for a pullback to enter the miners there it is. SL: breaking the channel to the downside
the blue arrow indicate the sl Line, if it break this sl line, close short
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.
On a TA standpoint, it appears that we had an all time low on September 8 2016. Since then, we are having higher lows within some kind of triangle with good resistance at 33.11. Slowstoch or RSI are not even close of indicating any direction as to what direction one should take this trade. But I guess this post is more fundamentals based positioning than a TA...