12.1 C
New York
Monday, November 25, 2024
HomeMarkets
Markets

Gold & Silver Bulls Pay Attention; You don’t want weakness here!

By kimblechartingsolutions
0
77
psw-placeholder
psw-placeholder

Courtesy of Chris Kimble.

gold and silver bull pic

Below looks at two Silver chart that reflect that Silver is facing two different type of resistance right now at (1).

Silver testing two types of resistance aug 12

CLICK ON CHART TO ENLARGE

Silver found support at its rising channel and 23% Fibonacci retracement level in the left chart above. Now it is facing its 38% retracement level at (1).

At the same time, Silver is facing a cluster of resistance at (1) in the right chart.

Gold & Silver bulls DO NOT want to see weakness or reversal patterns taking place at these price points at (1).

The Power of the Pattern is of the opinion, this is THE most important test of resistance for Silver, since the highs in 2011.

We would be honored if you were a Premium or Metals member.

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,460FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x