Gold and Silver Alert

By Editorial Team -

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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