Gold and Silver buyers get busted….Finally!

gold day trading

Buyers get Busted twice…as was expected

with two overbought level…and failing to hit the 1400price, sellers decide to take out the profits.

There are simple example of how they did, and finally we are back to my buying area.

gold trading 60min

Good buy price and Time

I maid this chart quickly but we clearly can see how sellers miss to pass the last bottom, and finish with few unsupported price.

gold price are also at the top of bearish trend, and if buyers break it, target will be the 200MA, at 1320points.

silver price 22 to 19…again

Silver buyers get busted…again

this time it make me laugh actually, as I can imagine how exited they was in this strong move up…that end as a weak results.

Good thing about Silver, it’s buyers are starting to re-test 22-24 area. What is not nice…they will have a long road of test to break, till get to they 1st target at 30$/oz silver