Silver And Gold: Take Profits On Longs
Patrick MontesDeOca | Jan 07, 2019 12:32AM ET
Summary
- The Variable Changing Price Momentum Indicator recommends taking profits in the gold and silver markets on any long positions.
- Then, it is advised to wait for a new price equilibrium to be set, which will allow the VC PMI to create a new structure or setup with new buy and sell levels.
- The two levels of the extreme above the mean are the sell 1 (S1) level of $15.89 and the sell 2 (S2) level of $15.94.
- The Variable Changing Price Momentum Indicator recommends taking profits in the gold and silver markets on any long positions.
This is the Variable Changing Price Momentum Indicator (VC PMI) Weekly Update for January 3, 2019, with a focus on the silver and gold markets. The VC PMI uses artificial intelligence to analyze the markets, especially in relation to mean reversion trading (For more information on the VC PMI, please see below).
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