Monday, 10 October 2016

Gold and Silver Trend Intact

Over the last 18 month we have had a new bullish trend start in gold and silver.
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The trend is still intact, as nothing moves in a straight line, a trader must expect pullbacks.

Readtheticker.com RTT Steps tool does so much more than the age old moving averages, they give you the range of expected movement during a trend, a possible pullback reaction line (below the red dotted line is set to 60% pullback [60% between upper and lower range of RTT Steps], and off course a quick view of support and resistance.

Yes one can say that Gold and Silver have yet to confirm their new trend by breaking out higher, but trends have to start somewhere, and we shall have to wait and see.

At this point in time, if price halts the current punch lower, the trend should resume higher for both metals, and you can see on the chart below it is a great time to consider an entry point.


Gold and silver



Original Post: http://ift.tt/2e4nxMN