Gold and Silver Trend Alerts | Update: May 22nd, 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 goes below USD 1470/oz (support at 50 DMA (daily moving average)); exponential moving average preferred.

Silver (XAG/USD):
  • All silver positions closed.
  • Stand aside awaiting new entry signal (uptrend) for silver price to close above resistance at 20 DMA (daily moving average)); exponential moving average preferred.

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