May 8, 2012

SILVER Near weekly trend line

  • Silver week is testing its Golden ratio. Sustaining below this level can give an extended correction for silver.
  • Around 28.50 There is a trend line support as shown in first chart if this one is held then an up move towards the resistance line is possible. If that trend line does not hold price may slip towards 25 - 26 levels as shown in the last chart.

1 comment:

  1. Thanks for great analysis... pleaes can you update the chart for GS, AAPL and CSCO.

    Thanks in advance.