The Precious Metal Index (DJGSP) Showing Signs Of Strength & Ready for further upside momentum.
The Precious Metal Index (DJGSP) Is Showing Signs Of Strength after moving back above long term 200 day moving average (red line) and following a break above trend line resistance (white line). The Index currently trading at $161.0 and according to prior technical resistance level on chart, we can see the index moving up to the $230.0 level; this is a potential 40% upside move and for traders trading with leverage, this can result in 400 -1000% move! The index follow the performance of different precious metals, such as silver, gold etc. which means traders can also look at specific precious metals other than trading the Index and find more opportunities in this sector.
Following is a chart showing the index along with entry and target price.