I thought before elections that Trump winning would bring a sustained uptrend on XAUUSD as well as on XAGUSD but this doesn't seem to be the case. Isntead we made another shooting star that signals the beginning of a new period of lower prices. Plese observe the last time we had that kind of traded volume on this asset, it was the very same day we made another shooting star marking the top of this fib speed resistance fan. As it happened last time, I wouldn't be surprised of new daily higher highs before starting with the trend, be careful with your entries. All your comments are welcomed, thanks.
Trade closed: target reached
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And now planning longs. Please not where is the price lying now.
For now silver is supported by that it's industrial metal, which Trump supported with his 'economic' (big LOL) program. Gold can be in decline, but silver should be a float... Platinum is declining, because automakers if they offshore will be new tarifs.
purpurato59
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@JA.piotr.bor, You're right, silver behaviour is slightly different than gold. I had the feeling that XPTUSD would be up, like XPDUSD. I have a long on the latter which is doing great.
mmmp12
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@purpurato59, but xptusd was up - from 930 up to 1015. Now in queue ix xpdusd like you said. But I think it won't go more than 700... Then should be cool down, but for now - I don't know anything... Markets are in such a mess after Trump... Eastern currencies collapsed and Mexican peso... It's a disaster. I want to buy XPD for a retest at 600-605 week ago... And I missed it by 5$. Platinum has been faster, because it was too oversold.