/GC has triggered an early/potential buy signal on this break above the 1580 resistance level highlighted in yesterday’s video with a solid 60-minute close above to help firm up the buy signal & minimize the chances that this will prove to be a whipsaw signal (false breakout).
GC 60m Feb 14th
We also have an early buy signal triggered on /SI (silver futures) on this impulsive breakout above the downtrend line. First target 17.82ish with the next objective long to come on a solid break/close above that level. As per yesterday’s video, I think silver may outperform gold in the near-term, assuming these breakouts stick. However, my preference is to take starter positions in both, adding if/as the charts continue to firm up.
SI 60m Feb 14th
/PL (platinum futures) recently broke out above the downtrend line with the next buy signal/objective long entry to come on a solid break above 979.
PL 60m Feb 14th
I may add some of the precious metals ETFs (GLD, SLV, PPLT, etc.) and/or the related mining stocks (GDX, SIL, GDXJ, SILJ, etc..) as official trade ideas soon & if so, I will follow up with charts/price targets for those as well. For now, I just wanted to get these charts out to you asap in case these breakouts stick with the precious metals continuing to rally.