Like gold, silver surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold.
Trade Step-ups:
Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.
Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.
Trade Step-ups:
Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.
Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.