It appears like we can rebuy precious metals next week, which makes a lot of sense considering China is coming back on line after a week of public holidays. The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high. Risk a new daily low here.
Good luck!
Ivan Labrie.
Trade aktif
⋅
Trading ditutup secara manual
⋅
I don't like the action here I'm getting out and holding CEF longs for now.
Trade aktif
⋅
Moving back above resistance now.
Trading ditutup secara manual
⋅
The reaction to the current situation shows lack of interest in metals, I'm closing for a modest 0.22% profit in gold and silver.
Komentar
⋅
Good I reentered right before the action started, I saved myself some cost in rollover.
Komentar
⋅
And, yes, I was spot on about the turn here...hope my followers caught the trade.
Komentar
summer6
⋅
Ivan, Silver long is looking good so far :)
IvanLabrie
⋅
Yes, seems like a good trade.
Let's see how it goes during the week.
Cheers.
summer6
⋅
yeah, on the daily chart, there is a plenty of room for Silver going up. but how strong US dollar would be matters. ^_^
cheers!
IvanLabrie
⋅
If central bank are buying, it's going on up...that's my read on it. We see some leveraging going on in the background now, with USDJPY's action, and equities, so I'm inclined to see gold going up as long as central banks extend asset purchases (like the SNB and China of course).
summer6
⋅
hope silver would test $18
^_^ cheers
BigPippinSpendingGs
⋅
Me like.
IvanLabrie
⋅
Thanks. Good luck!
JRFreeze
⋅
Ending the month prediction?? 19.5 or 16.5...
IvanLabrie
⋅
19.5 more probable in the short term.
albertwt
⋅
Cool, so it seems this week is the good time to buy some silver bullion :-)
Thanks Ivan.