GOLD TRADE ALERT (3:15 pm EDST)
Today gold made a new weekly and monthly cycle low while silver did not, and they are both closing in the upper part of today's range. This is happening in the center of a reversal zone specifically for the precious metals, so it is a strong buy signal. We are going long in gold today as this appears to be the bottom of a new medium-term cycle. We will stay on the sidelines of silver for now as its cycle is not as clear and silver tends to be more volatile than gold.
Today gold made a new weekly and monthly cycle low while silver did not, and they are both closing in the upper part of today's range. This is happening in the center of a reversal zone specifically for the precious metals, so it is a strong buy signal. We are going long in gold today as this appears to be the bottom of a new medium-term cycle. We will stay on the sidelines of silver for now as its cycle is not as clear and silver tends to be more volatile than gold.
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