Gold is Not Confirming Silver’s Decline
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Silver itself is at well-defined support (silver is on the bottom) and gold trades at trendline support.
Trading Strategy: The combination of support in both metals, the mentioned non-confirmation, and today’s inside day (signs of stabilizing?) is enough evidence to go long against 1250.
LEVELS: 1234 1251 1260 | 1280 1289 1297
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