We are in a critical point for gold and silver, tomorrow or Friday (NFP) we will have a clearer picture. I believe the resistance will hold. If that's the case, gold and silver will go down. I think silver will be more rewarding among the 2. Pay close attention to the 10Y behavior before taking any position. Will update when we have a clear direction.
I have been bearish on the Dollar for the past few weeks. Even with good US economic data the yields have been selling off aggressively breaking the wedge. My target for US yields is the weekly gap and I expect the dollar to fall below 100.00 in the coming weeks. I'm expecting a retest of the lower trend line on the yields and continuation of the bearish sentiment.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron