The misery of a consolidating market haunts traders usually forcing bad trades and losses. Many try to guess when the market will breakout while others use their opinions causing the same miserable results. With Gold, Silver and Platinum we know the trend is higher however; their trading is a tight range before they make the next big move.

Frustration is a traders and investors worst nightmare, creating bad decision making. When looking at the current patterns in Gold and Silver and their trends, the probability of breaking out to the upside is greater than based on the evidence we can see. Gold and Silver look like they are walking up the stairs indicating an uptrend and possible big bull market.

As we look into the future, based on our algorithm and our positions which is long Gold and Silver, we are expecting a bull market. We don’t make ridiculous long-term calls but do see the possibility of new all-time highs. The key resistance levels to watch are 1950 in August Gold and 28.50 in July Silver. Patience, discipline and money management always win the day.

Todd Horwitz Chief Strategist BubbaTrading.com
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