Gold, Silver and miners are sizzling hot

GBP/USD Wave analysis
July 17, 2017
Διάσπαση…επιβεβαίωση..και τώρα….;;;
July 17, 2017

Gold and Silver prices have reached important long-term buying interest areas last week and we have the first reversal signs. If you have been reading my daily analysis in Gold through my partnership with InstaForex you know I remain longer-term bullish and you were notified promptly by the wedge pattern breakout and the warning signs we were given before the upside reversal.

My minimum bounce target is at $1,260 but overall I believe there are a lot of chances that an important low is in and that a new upward move has started, that eventually will break the long-term downward sloping trend line we have hit so many times and got rejected.

Some interesting miner charts…..

I have long positions in ABX, AG, GDX, WPM, XME, and in future contracts.

Thank you for taking the time to catch up on my thinking.

 

 

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.