The VC PMI analysis shows that gold enters this week with a bullish sentiment.
For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.
The VC PMI analysis shows that silver enters this week with a bullish trend momentum.
If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) and buy 2 (B2) levels at $14.45 and $14.25.
The gold market closed on Friday at $1229 and with the market closing above the 9-week moving average of $1208, we came into this week with a bullish sentiment. The VC PMI also tells us that if gold closes below $1208, this bullish sentiment would be negated.
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