Gold, silver in major uptrend; nickel, lead in downtrend

摘要

GOLD is the only metal which remained in a major uptrend and currently is in a strong intermediate uptrend. It is scaling new highs here and is headed higher after the minor decline which started on Friday The minor decline can test the earlier top of 14.320 and if this top holds, it will give a trading opportunity for swing traders to pick up long positions with a stop at 13,915. Once a higher minor bottom is made above 13,915, a higher stop can be used by traders. Trail the stop as gold moves higher. The next target after the current minor decline i.s at 15.100, With all the indicators in the buy mode, investors must hold on to their long positions and add to the long positions in declines.