Daily Trade Gold/Silver/Oil

Gold adjusted its previous decline to close at $ 1,280, or $ 3.58. Gold is expected to test resistance to the 50-DMA. where a break up is needed to refresh up-pulse. However, any drawback will revive yesterday's low of $ 1,276. where a decline is being extended below the $ 1,265 decline.The indicators are mixed and support a neutral view. We recommend investors to "sell on strength" and keep Stop loss above the 50-DMA.

Silver finished the session at $ 16.94 higher, up $ 0.05. Silver is currently trading below the 50-DMA and the 200-DMA, which will limit the upside at $ 17.00 and $ 17.13, respectively.However, a decline below yesterday's low will continue the downward trend with 16.56 and 16.31 as nearest targets. The MACD and Stochastic Oscillator have fallen further, supporting a bearish view. We recommend investors to "sell" on the higher side, with the risk defined above the 200-DMA.

Crude oil continued to rise, closing at $ 57.03, a gain of $ 0.71. If the win continues, the initial target will be $ 58.06, with a chance of later being $ 59.96. However, any drawback with 14-DMA support will be found at $ 56.35; where a downfall triggers the downtrend. The RSI and the MACD have risen and support a positive view. We recommend that investors buy dips and keep stop loss below 14-DMA.

The USD index ended the session at 93.87, down 0.10 points. The index is expected to consolidate between the 50-DMA and the 14-DMA, which is 93.42 and 94.22, respectively. A break above or below is required for directional movement. The indicators are mixed and do not signal a clear trading view. We recommend investors to stay "far" above the 50-DMA.

(This is just learning where market moves not recommendation to buy or sell)