papeeeboy
I posted a week or 2 ago a copper long idea. Long still in play expecting higher highs for now.
This might be Golds last attempt at taking out its most recent high and create another high to the 1205-1220 area. A move above 1220-1235 will be a game changer for gold and I would suspect that the floor in gold is in. If it falls below 1160-1150 it will be a failed attempt and i will expect another move to the lower 1100s, maybe even another a new low. Lets see...
This is an extremely important level for the yellow metal. On the shorter time frames its looking bullish. On this weekly time frame its a bit more clear that the 1215-1235 area is a huge level for gold. This could be a game changer for gold! serious game changer!! GL Share your thoughts, like and follow for more trade updates and ideas.
This is against the short term trend but this pair is still very bullish.
Silver is another metals that has been taking a beating. It looks like its trying to carve out a bottom, but we wont know that the bottom is in until we can break this down trend line above 16 or so. Even then you would want to be cautious because even then we might have some sideways action before we break 18.5 Only then will I call Silver in a bull market.