I was skeptical to join the longs after the break out at 1835, markets were still capped by the trendline at 1958 from early Jan 2021.
Longs can be initiated at current levels or closer to the lower band of the trend line, there is a important major support at 1833 and as long as this level holds market will go back to 1863/1870.
A clear break of 1870 will take markets to 1920 and much higher. For now it should be in the range of 1835-1865 and a clear break of either levels should decide the future course of the shiny metal.
As always use stops and ride profits.
Longs can be initiated at current levels or closer to the lower band of the trend line, there is a important major support at 1833 and as long as this level holds market will go back to 1863/1870.
A clear break of 1870 will take markets to 1920 and much higher. For now it should be in the range of 1835-1865 and a clear break of either levels should decide the future course of the shiny metal.
As always use stops and ride profits.