Gold and Silver daily trend alerts: May 31st, 2011
Gold (XAU/USD): Bought (Long) gold at USD 1490/ounce (18th May 2011) Maintain long position for gold. Close position if gold spot price close below USD 1470/oz (support at 50 DMA (daily moving average)); exponential moving average preferred. Silver (XAG/USD): Bought (Long) silver at USD 37/ounce (27th May 2011) Maintain long position for silver. Close position if silver spot price close below USD 36.5/oz (support at 10 DMA (daily moving average)); exponential moving average preferred.