GOLD AND SILVER TRADE ALERT (1:30 pm EDT)
We are in the center of a reversal zone for gold and silver, and today silver is making a new weekly high while gold is not. This gives us a bearish divergence signal, and both prices are closing in the lower part of today's range. We are going to exit our long positions in both metals today. The small profit we will get in silver will make up the small loss in gold.
We are in the center of a reversal zone for gold and silver, and today silver is making a new weekly high while gold is not. This gives us a bearish divergence signal, and both prices are closing in the lower part of today's range. We are going to exit our long positions in both metals today. The small profit we will get in silver will make up the small loss in gold.
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