Gold, silver and platinum find new levels
As gold, silver and platinum prepare forthe next big move higher, they now find themselves consolidating. The bullishaction shows us this consolidation at higher levels than before. The set up isbullish but this pattern can last a few days before the next leg higher.
This is a test not a drill, traders andinvestors have their emotional sides tested on a regular basis. We have writtenpreviously about the different phases, the consolidation phase, or the greatesttime of uncertainty challenges market participants to trust the price action.
All signs point to a continuation rallyin Gold, Silver and Platinum. We know that there are no guarantees that thenext leg is up however we can only use the information that is in front of use.The current price action suggests a big rally that should bring March Silver to26.00, February Gold to 1900 and January Platinum to 1100.
In all markets price action determineswhat will happen in the next day, week or months. Keep the two strategies separate,the worst trade anyone can make is turning a trade into an investment hopingfor a way out. Traders must learn to take their losses and move on to the nexttrade.
Patience, discipline, and moneymanagement always win the day. Let the map of the markets show you the way.
Monday Night Strategy Call Recording
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2021-11-15 Monday NightStrategy Call Recording
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