In the Weekend Newsletter I wrote, “If prices don’t show signs of a turn-around on Monday, I will sell my long positions or hedge my trades as I wait for clarity.” Prices are turning higher from the 10-day EMA keeping the bullish outlook. Nonetheless, I’m still on high alert after Friday and want to see prices exceed the $31.64 high before I let my guard down. Note: If prices break the $27.44 low, I highlighted a potential Buy Zone.
I want to see gold and silver exceed their recent highs as well.