October 24, 2012

SILVER Falling towards 200 SMA

 
  • Silver one hour chart shows a bearish cross with 200 and 50 Hour SMA. Price sustaining below 50 Hour SMA will continue to favor silver bears.
  • Daily chart shows price falling towards 200 SMA.
  • Weekly chart shows price breaking below 23.6% Fib level. Price sustaining below 23.6% Fib level will also favor silver bears towards 200 Day SMA.  
  • GOLD CHART ANALYSIS
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