Gold & Silver - Next Move Could Be Sharply Up ! - 8/10/2016

FX:XAUUSD   Gold Spot / U.S. Dollar
As things stand right now, it looks like the next move in precious metals is going to be sharply up unless dollar does some trick. World is now peacefully accepting the reality that no matter what, the rates are going to be lower. US treasury yields can't escape the malaise and savers are going to be punished hard.
If Gold             and Silver             can't be tamed by strong dollar then this current consolidation points very bullish picture. Even strong NFP wasn't able to push these cousins to the next big support level to at least challenge the uptrend. Rather it looked like more of a correction within bullish developments. We don't know what the next spark will be but if something sudden happens like last year August equity meltdown then Gold             and silver             will rocket higher.
Again we are not gold             bug but just trading the reality. If circumstances change then we need to change the trade accordingly. But right now our both long trades are looking good and it looks like we should add more long exposure via calls or call spreads.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out