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Childrenofmen
Mar 5, 2017 9:33 PM

xau march Short

PHLX GOLD and SILVER SECTOR INDEXNASDAQ

Description

gold/silver index simple idea on weekly:
February low got broken indicating a trendchange.
R/R for this month is better to the downside.
A test of the bottom of the bb band area would be apreciated.
I don't expect it to break 71.63.. The 76 area would be a nice area to reach before we can look for a turn back up.
Longer term the trend is strong and remains up.
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