I will try a long trade with a stop below today's low.
We are on day 9 in this daily cycle decline.
The hourly is showing signs of a bottoming process. Every breakdown of the previous
low is bought back without producing a waterfall decline.
Lot of gold guru is talking about a longer decline from here, but I don't see that happening.
I will post a daily idea after the close.
We are on day 9 in this daily cycle decline.
The hourly is showing signs of a bottoming process. Every breakdown of the previous
low is bought back without producing a waterfall decline.
Lot of gold guru is talking about a longer decline from here, but I don't see that happening.
I will post a daily idea after the close.
Trade closed: stop reached:
Stopped out at 1843
Comment:
Swing in silver. Time to go long. The silver rally will be stronger than gold based on xauxag.
Idea is coming soon.