Sprott Physical Gold and Silver Trust sees resurgence in momentum in direction of the “Go” trend.
After rallying off the lows of the end of September, the GoNoGo Oscillator was able to break above the zero line which was a threat to the “NoGo” trend. GoNoGo Trend confirmed by painting several amber “Go Fish” bars before establishing a “Go” trend in the middle of October. Now, as we look to have set a higher low, we see that GoNoGo Oscillator has retested the zero line and is finding support. This indicates momentum returning in the direction of the “Go” trend. We will look for initial targets at areas of prior resistance, first at $19 then at $20.
By
Alex Cole
