Gold CME Made Falling “Wedge Pattern” Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming Soon $1270——$1250——$1224
Silver Forecast
Silver Finally Confirms Gold’s Rally as Both Metals Post Multi-Month Highs
Gold Silver Reports – In my previous commentaries, I expressed some concern that the lag in the silver price vis-à-vis gold was a slight concern for the nearterm outlook. The path of least resistance for gold and gold mining shares was of course still bullish, but silver’s failure to fully participate in gold’s recent gains was a fly in the ointment.
Silver Price Forecast January 5, 2018, Technical Analysis
Gold Silver Reports – ✅ Silver markets initially fell during the trading session on Thursday, but found plenty of support at the $17 level. Because of this, the market bounced back towards the top of the overall consolidate a very that we have been in for the last couple of days, setting up for an interesting Nonfarm Payroll Friday.
Silver MCX Strong Support Key Between 37300—39700
Gold Silver Reports — Silver on MCX settled down -1.35% at 38052 adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.