Okay not that big of a fan on precious metals however when opportunities arise, a lot can happen too. With the FED continuing to buy bonds, one must ask themselves why??? Interest on the reserve bonds will increase, rates on mortgages will increase, rates on loans will increase. Like a retail traders wet dream in coming to light, common sense everyday people will be looking for scarce assets to put their money into as rates will rise and the fear on out of control inflation being handed down to the consumer. This wedge is primed for lift off and not a moment to soon. With the EMAs on the weekly 2,9, and 30 looking like a bullish divergence could happen on all three EMAs and the RSI momentum indicator looking up some buys are coming in, more buyers than sellers, it's that easy. I would assume it will be a while til we hit those upper levels (target) but as a spot buy I think there will be money would be made even on spot.
Comment:
Broke through downtrend upside incoming
Trade active:
So far so good sirs and madams