Gold & Silver
Leave it to my good ol' friend the beard - Ben Bernanke....Central Printer in Chief who today went to the printing presses.
As expected, Gold and Silver pulled right back to role-reversal levels before shooting higher on the announcement today.
In the process, they both formed with trend engulfing bars.
Since I'm still long Gold at $1633 & $1696, I'll take any price action pullbacks into $1740 or $1715 targeting $1900 which seems now all but certain.
For Silver, which I'm still long at since $28.36, $31.06 & now $33.00 after today, I'll take pullbacks into $34 & $33 (again) for an eventual touche of the $36.91 & $43.75 levels.
Intraday bulls can take the higher of the two pullback levels & target today's highs along with $35.27 for Silver while gunning for $1791 & $1815 in Gold.
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