Instead of chasing the move late last week, one could have waited to see a backtest today. This can be a spot for fast positions.
It can trend toward 31 before hitting larger resistance.
I don't think it stops at resistance, because of the extremely strong gold/silver bull market. But, 31 would be a place to reduce leverage or reduce risk.
It can trend toward 31 before hitting larger resistance.
I don't think it stops at resistance, because of the extremely strong gold/silver bull market. But, 31 would be a place to reduce leverage or reduce risk.
Trade active:
So, faster positions would have been a bad idea as it further consolidated for about a week.
Longer positions, no problemo. We are pushing higher now as fundamentals have re-asserted themselves with Gold blasting higher. $31 still in sights.
Longer positions, no problemo. We are pushing higher now as fundamentals have re-asserted themselves with Gold blasting higher. $31 still in sights.