Here are some potential pullback targets for silver & platinum via /SI, SLV, /PL & PPLT (futures & ETFs), both of which offer the first objective short entries since the recent trendline breaks (with stops somewhat above relative to your preferred price target). 60-minute charts below. /GC gold futures have also rallied back to the 1535 resistance level as covered in the video posted earlier today, thereby also offering an objective short entry on GLD, /GC, DZZ (long), etc.
-
- SI 60m 2 Sept 6th
-
- SLV 60-min Sept 6th
-
- PL 60m 2 Sept 6th
-
- PPLT 60-min Sept 6th
The 15-minute chart of /NQ should also be monitored with any trades on the precious metals as a break below both this uptrend line as well as the 7840 support level would likely usher in a wave of selling in the stock market which in turn, would be bullish for the precious metals/risk-off assets. (i.e.- a potential trigger to remove some or all precious metal short hedges against equity shorts).
NQ 15-min Sept 6th