No doubt, MCX Gold and Silver run very well on Valentine’s Day because enters “overbought territory” and Gold index made the largest weekly increase since August plus it jumped 9.7% this year and silver run up 11% this year.
Look above Gold chart to see weekly movement. Gold has broken out over the past week and a trend change has been signaled. Look below MCX Silver chart:
Remember, downtrend still unbroken BUT…
For to know Gold / Silver Intraday & Positional Trading levels, you need to subscribe our commodity tips service. Only paid member can view full article by use of USERID & PASSWORD.
Sell it at Top – Remember, it should be open downside.
Note: U.S. Presidents’ Day holiday is on Monday and the Comex market will not open.