Trading Ideas

 GOLD/USD

 Since rallying from around the 907 area the pair has been steadily moving to the 1000$ mark. The pair has reached the 970$ area which is practically the last resistance before the 1000$ mark, and has retraced back to the 940$ zone. The 940$ is in line with the bullish trend line which originated at the 907$, thus making the 940$ a Good pickup level for the Gold bulls. In a case the pair will break the 940$ it would signal a more significant pullback toward the 915$ where a buying signal might reemerge.

SILVER/USD

 The pair has rallied from the 12.5$ area to towards the 15$ before settling back into the 14$ zone. Although the pair is aiming the 16$ price zone the pair has yet retested the bullish trend line at the high 13 level which potentially signals to buyers to wait for cheaper levels before joining the trend.

*Legal Disclaimer-Please acknowledge this is solely the writer’s opinion and does not pose a trading idea or an investment recommendation in any sort or way. Before placing trades please consider it’s suitability for your circumstances.

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