- Previous support zone continues to act as resistance in weekly chart.
- Multiple resistance levels like 38.2% Fib level and 100 Week SMA is making it tougher for bulls to move higher.
- Further weakness if price falls below 23.6% Fib level shown in daily chart.
- Gold 4 hour chart shows a Bull Flag pattern.
- Price need to trade above the 4 Hour cloud for the above pattern to perform well.
- Weakness on trading below 1350 and the 200 period SMA.
- SLV WEEKEND UPDATE
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