Faulty Technical Analysis On Silver
Image Source: Pixabay
Although it looks like it, Silver is not in a cup and handle pattern formation because it has corrected too much. That does not preclude the chart from looking super bullish when Silver surpasses major resistance at $27.
Gold is in a cup and handle pattern and a strong one as long as it continues to hold above the 38% retracement at $1675. It’s also stronger than the normal pattern.
There is no bull flag pattern in Silver. It corrected too much falling below $22.
Video Length: 00:10:39
More By This Author:
Bearish Reversal in Gold & Silver & Downside Targets
Gold Secular Bull Depends On This
Fed Week & Monthly Close Could Mark Turns For Gold & Silver
Disclaimer: TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium ...
more
Comments
