Commodities portfolio: Long XAGUSD - Bottomed at Brexit support

It appears like we can rebuy precious metals next week, which makes a lot of sense considering China is coming back on line after a week of public holidays.
The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high.
Risk a new daily low here.

Good luck!

Ivan Labrie.

Trade ativo

Trade fechado manualmente:

I don't like the action here I'm getting out and holding CEF longs for now.

Trade ativo:

Moving back above resistance now.

Trade fechado manualmente:

The reaction to the current situation shows lack of interest in metals, I'm closing for a modest 0.22% profit in gold and silver.

Comentário:

Good I reentered right before the action started, I saved myself some cost in rollover.

Comentário:

And, yes, I was spot on about the turn here...hope my followers caught the trade.