September 8, 2011

SILVER in a Triangle pattern

  • Silver four hour chart is showing a triangle pattern
  • Daily chart shows price taking support at 50 day moving average.
  • So price may move towards the resistance line of the triangle.
  • Bigger breakdown will happen only if price break and close below 50 day SMA.
  • SILVER TESTING 50 SMA
  • BEARISH ENGULFING OF GOLD

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