August 28, 2013

SILVER Chart update

  • Silver testing 200 Day SMA.
  • Silver bulls need a daily close above 200 SMA to extend gains. Closing above 200 SMA may also give a weekly close above 38.2% Fib level which should take this up move towards the Broken support line of the Weekly Descending triangle.
  • Price unable to close above 200 Day SMA may lead to a fall.
  • GOLD Support and Resistance levels

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