Today's gold strategy will increase slowly again
Spot Spot Gold's advance from its mid-December $1,974 per troy ounce low has briefly exceeded the 2020, 2022 and May 2023 highs at $2,070 to $2,082 by rising to $2,088 on Thursday before giving back some of its recent gains and slipping to $2,059 on Friday.
Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and is on track to revisit last week's $2,088 peak.
Only a fall through Friday's $2,059 low would put the 21 December high at $2,055 and the mid-December high at $2,048 on the map.Spot Spot Silver (5000oz)'s rally off last week's $23.54 per troy ounce low, made between the 200- and 55-day simple moving averages (SMA) at $23.67 to $23.57, is gaining traction with the mid-December high at $24.29 being in focus. Further up sits the 22 December high at $24.60.
Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and is on track to revisit last week's $2,088 peak.
Only a fall through Friday's $2,059 low would put the 21 December high at $2,055 and the mid-December high at $2,048 on the map.Spot Spot Silver (5000oz)'s rally off last week's $23.54 per troy ounce low, made between the 200- and 55-day simple moving averages (SMA) at $23.67 to $23.57, is gaining traction with the mid-December high at $24.29 being in focus. Further up sits the 22 December high at $24.60.
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✔️✔️Closed all 50 pips🔼🔼
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