Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Both Gold and Silver have been trading short on a short extension. It is quite unusual as prices for instruments especially precious metals, usually go higher in Fibonacci long extensions but never fall in Fib short extensions. The short extensions for both instruments with the erratic moves in the greenback however, have been trading relatively well. These are active trades for us here at TradeGuidance and we just added a trailing stop on each of the trades:
Trade grid
Chart for Gold
Chart for Silver
