As you see in the /GC, GLD and SLV daily charts these instruments have broken their downtrends and are ready to go up as long as /GC remain strong and hold his accelerated trendline ( with violet on /GC daily chart ) .
The prior pivots for trading this week are 1261.20 and 1226.8 for /GC, 119.88 and 116.77 for GLD, 17.45 and 16.90 for SLV. As long as /GC hold 1226.8, stay bullish and watch for follow through to clear 1261.20, trading strong stocks. If bears build up power and broke 1261.20, see if they hold and watch for follow through to 1220, trading weak stocks.
- Strong stocks : $GOLD .
- Strong stocks : $SSRI .