Gold and Silver: Long term decline 'Time at Mode' analysisIn this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale.
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
