Gold, Silver and the 200-day moving average
Some
moving average lengths are more popular than others. The 200-day moving
average is perhaps the most popular. You could use the simple moving
average to identify support and resistance; and use the exponential
moving average to identify entry. Gold price has reversed and; gold and
silver have pierced thru the 200-day moving average. Its uptrend now.
Wait for retracement or dip to long. This is a trend rider strategy.
Close your long position when the price breaks thru the 200-day moving
average support. Don't be too greedy and be careful of your lot size and
expect silver to be volatile. Good luck and I hope you would thank me
for your fortune.
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