Gold rose today but looking at the chart it appears to be more sideways movement perhaps catching its breath.
Last week I mentioned how gold had been trading above the Bollinger bands.
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See how gold although still rising is sliding within the Bollinger band.
The chart speaks for itself - SIDEWAYS ACTION!
On the technical chart you can see how silver is moving sideways to trade within the Bollinger Bands.
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On the daily chart the Miners are under a little pressure to the downside.
Perhaps a "bull flag" forming??????
Peace out and stack on!
Theta is killing my calls. I’m a bit stressed for my 23.5 8/5 SLV calls... My 25 8/14 calls are even starting to stress me a bit.
in the money this am!
180% profit taken. I just opened some puts to see if get a quick drop.
Metals are looking strong although the miners seem to be lagging.
Yeah I got burned on GDX on Friday...
Trading is not for the faint of heart. I went short today at the open only to get stopped out, risk management at its finest.
I preach risk management to anyone who will listen.