August 30, 2011

SILVER Triangle pattern

UPDATED CHART
  • Silver triangle mentioned below has given a breakout on the upside. But the resistance of 41.74 is not taken out yet. This has to be crossed by bulls of silver to extend this up move.
CHART-I
  • Silver is still inside the range 39.98 - 41.74
  • But price has formed a small triangle pattern within this range.
  • Triangle breakout along with range breakout may give good direction.

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