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UBG - Gold Silver And E-Mini 500 Correction Completed
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Gold is trading last at $1574.60, up about 30 cents. The average price for the day is $1570. The Sell 1 level of the extreme above the mean is $1586 to the Sell 2 level of $1603. The Buy 1 level below the mean is $1561, the Buy 2 level is $1548.
Overnight, on the news of the Iraq embassy bombing, the market rallied to make a high of $1613.30. This essentially went right into the target zones we were expecting of $1586-1603. The $1603 area on the daily signal indicates a very high-probability trade.