fractal_trader
Long

Gold + Silver Trade Sideways in Overall Uptrend

FX:XAUUSD   Gold/U.S. Dollar
77 0 2
The situtaion hasn't changed in the precious metals, even though the last month hasn't given us any progress towards the long side, this market remains above the balance zone on the overall timeframes, which means there is only one direction to trade this: long. It's a patience game to wait for the continuation of the still ongoing uptrend, even though lower levels are possible before that happens. So far there is no reason to exit longs if you are trendtrading the higher timeframes.
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