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Gold, headed lower, next stop 1750

Commentaries & Views

The pressure on gold remains strong; nothing has been able to shake the bears from selling. The trend is clearly lower; gold is headed to $1,750 and $1,700. The path of resistance is lower. We will remain short until that pattern changes.   

Silver and Platinum are in solid uptrends with no signs of weakening. Platinum has made seven-year highs and has solid support at $1,250 April futures. Silver is mid-range in between support and resistance. $26 -$27 are support levels. The key for Silver is to get above $30. Should Silver get above $30 and hold, we could see a huge run higher.  

The most important thing to remember, trends last until they do not. Flexibility when trading could be the most essential ingredient for success. Losses for most traders come because they let their emotions and opinions overrule the simple facts of what the markets are telling them.   

On Saturday February 20th at Noon EST, we will be presenting our Equity Portfolio Management service using our proprietary algorithms. Below is the registration link 

Bubba’s Algorithmic Trend Trading Equity Portfolio Presentation 

We have also included a registration link for session 6 on Friday February 19th at 5:00 EST  

2021-02-19 Options Training Session 6 Register here

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