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USD and Silver Invalidate the Breakdowns but Gold Doesn't

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Briefly: In our opinion, no speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view. In other words, we think that taking the rest of the profits off the table is justified from the risk to reward point of view. It seems likely that we will re-enter the short positions shortly, though. The precious metals sector moved higher yesterday, while the USD Index declined. There was no meaningful action in gold – it remains below the previous 2015 lows

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