hi gold trader ... I hope you are right ... about silver ... we need to break fridays highs first early next week before getting to your resistance area
If Silver goes up then gold goes with it as well...................... Gold is difficult to day trade...............i agree, its not the best short term vehiclel out there, Forex might be better if you want to daytrade, but gold can be profitable, you might have to adjust your period of trading if you want to trade metals.
At the moment I'm waiting for a long signal - yesterdays noon (ET) onwards price action on the hourlies to me looks like a change of direction for now. Thinking to enter the pullback by early US trading time - and hold till 634. Waiting for price action to confirm.
gold fell as expected. i belive it would test 600 level. current price - 614.5. trailing stop should be moved to 617 (entry) as there is a sign of reversal to upside. gt
gold-spot here is the chart why i tried to short around 617 today. very short term was weak but there was strong support at 607~608. gt