Gold and Silver daily trend alerts: May 31st, 2011

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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.

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