Updates: Gold, Silver and Platinum
Positive follow-through following our recent flags.
Gold: Massive move lower from 02 June where I flagged the 200-day starting to slope down while suggesting the reward-to-risk not being attractive on the long. From the time of publication to Monday, we saw a $200 price decline. Possibly some big selling during Monday's Asian session.
Silver: I suggested closing the prior short however the strong selling continued, with the price declining from $27 to $22.
Platinum (Part 1 and 2)
Part 1: In May I highlighted the bear flag via my research which played out as the price decline from $1200 to this week's low of $968.
Part 2: Most recently I also had an idea to go long above 1063 however that level never triggered as the price continued to decline on the back of a stronger USD.
Gold: Massive move lower from 02 June where I flagged the 200-day starting to slope down while suggesting the reward-to-risk not being attractive on the long. From the time of publication to Monday, we saw a $200 price decline. Possibly some big selling during Monday's Asian session.
Silver: I suggested closing the prior short however the strong selling continued, with the price declining from $27 to $22.
Platinum (Part 1 and 2)
Part 1: In May I highlighted the bear flag via my research which played out as the price decline from $1200 to this week's low of $968.
Part 2: Most recently I also had an idea to go long above 1063 however that level never triggered as the price continued to decline on the back of a stronger USD.
