The trade set-ups that I am looking to use are for shorting Gold and Silver, and here is why:
Both Gold and Silver have been forming bear flag consolidation patterns (see above video). I find these patterns particularly interesting and are my favourite patterns to trade.
For Gold, a break below 1667 is a shorting opportunity, with a hard stop placed at 1711. First target at the 200 MA at 1600 and the second target at the September lows of 1535.
For Silver, a break below 30.65 is a short, with a stop at 33.04. First target for silver is 28.40 and the next is at the September lows of 26.15. Silver has also the advantage of having a daily and weekly squeeze which have both fired in the downward direction.
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