The VC Price Momentum Indicator
Gold and Silver Weekly Futures Swing Trading Instructions
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
Gold Weekly Summary
TREND MOMENTUM: 1169 Bullish
PRICE MOMENTUM: 1192 Bullish
PRICE INDICATOR
EXIT LONGS:
2 ) 1227
1) 1211
EXIT SHORTS:
- 1176
- 1157
Weekly Trend Momentum
The gold futures contract closed at 1196. The market closing above the 9 SMA 1169 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 Price Momentum
With the market closing above the VC Weekly Price Momentum Indicator of 1192, is confirmation that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
Weekly Price Indicator
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1176 - 1157, and go long on a weekly reversal stop. If long, use the 1157 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 1211 - 1227 during the week.
Silver
Weekly Summary
TREND MOMENTUM: 16.48 Bullish
PRICE MOMENTUM: 16.74 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 17.31
1) 17.03
EXIT SHORTS:
- 16.47
- 16.17
Weekly Trend Momentum
The silver futures contract closed at 16.76. The market closing above the 9 SMA 16.48, 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 Price Momentum
With the market closing above the VC Weekly Price Momentum Indicator of 16.74 it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
Weekly Price Indicator
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.47 - 16.73, and go long on a weekly reversal stop. If long, use the 16.73 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 17.04 - 17.31 during the week.
Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.