Have done nothing in gold, may seek entry in Silver, in particular based on the Gold Silver spread it looks like we may find more bang for the buck in silver. Maybe Silver Futures
How is this educational? You haven't explained the reasons why
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bitofamacroman
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@reva71,
We fell back below a long term trend line dating to the late 2011 high
We failed to hold the 61.8 Fib retrace (Now resistance) from the late 2016 low to the early 2018 high
We fell below an uptrend line dating from the late 2015 low
We have two downtrend lines from the April high still intact that we have yet to firmly close above
MACD is still negative
We may retest the late 2016 lows near 1126 before we get a trend reversal
These are my opinions. However, we may also see a reversal right here, but personally I am awaiting some confirmation. This position aligns with what I believe will happen in the EURUSD as well.
bitofamacroman
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@cciappa,
bitofamacroman
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@cciappa, I may actually begin to nibble here in small quantities with stops below 1125
bitofamacroman
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@cciappa, Hope that clarifies it better for you.
UnknownUnicorn2547259
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@cciappa,
Thanks for the reply I'm waiting for bullish signal and close above 1187 for retracement but then short from 1204 area
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