Successful BO and Backtest
Yesterday, gold continued to follow the script. Having broken out above the 200 day mvg avg. as expected, it had a successful backtest to the 200 day. It is ready to now proceed to the next set of targets. We should see 1900+(maybe as high as 1950-60) over the next two to three trading sessions. Silver is less defined and a bit trickier. Having traded well above resistance at 28.50, it quickly fell back to under 28. This is also a backtest and silver is now ready to also proceed to the next targets above 29. It should take out the highs for this last year above 30.50.
Since it’s mainstream, I tend to assume lies.
That was for the vaccine tracking thread, not yours Chartmaster. Sorry
We could test the channel break out around 1840 in gold.
Thanks CM – appreciate your commentary on where things are going.
Quite welcome Sir.