XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
what are your thoughts on Gold continuing to diverge with the other metals in the coming weeks?
Silver traded very heavily today and does not feel like it wants to go any higher, unlike gold.Ignored
There is a reason for it. The GOLD crash, and the US dollar bull market will take everyone by surprise. It always DOES>
DislikedTechnically, June Comex gold futures bulls have the solid overall near-term and longer-term technical advantage. Prices are in an 11-week-old uptrend on the daily bar chart. Chart resistance for June gold is located at Friday's high of $1,182.50 and then at $1,190.00. The next major upside price objective for the gold market bulls is to produce a daily close above psychological resistance at $1,200.00 an ounce. Above that lies strong chart resistance at the all-time high of $1,227.50, basis nearby Comex gold futures, which was scored in December of 2009.Ignored
DislikedGoing to test a small long out here, prior long hit TP.
we did HIT A NEW HIGH YESterDAY!
Long @ 1179
SL area below 1175
TP 1188 or manual close 1187 - 1190Ignored