MTECHTIPS Gold And Silver Weekly Futures Swing Trades

MTECHTIPS Gold And Silver Weekly Futures Swing Trades

The VC Price Momentum Indicator

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms. GOLD WEEKLY SUMMARY TREND MOMENTUM: 1076 Bullish PRICE MOMENTUM: 1089 Neutral PRICE INDICATOR: EXIT LONGS: 2 ) 1126 1) 1108 EXIT SHORTS: 1071 1052 WEEKLY MOVING AVERAGES The February gold futures contract closed at 1089. The market closing above the 9 SMA 1076, is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral. WEEKLY MOMENTUM INDICATOR With the market closing at the VC Weekly Price Momentum Indicator of 1089, it confirms that the price momentum is neutral. A weekly close above is bullish. A weekly close below is bearish WEEKLY PRICE INDICATOR Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1071 – 1052, and go long on a weekly reversal stop. If long, use the 1052 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1108 – 1126 during the week. SILVER WEEKLY SUMMARY TREND MOMENTUM: 14.09 Bearish PRICE MOMENTUM: 14.04 Bearish PRICE INDICATOR: EXIT LONGS: 2) 14.42 1) 14.17 EXIT SHORTS: 13.70 13.52 WEEKLY MOVING AVERAGES The March silver futures contract closed at 13.93. The market closing below the 9 SMA 14.09, is confirmation that the weekly trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral. WEEKLY MOMENTUM INDICATOR With the market closing below the VC Weekly Price Momentum Indicator of 13.95, it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.