- Silver weekly cloud shows the long term trend safe till price stays below the cloud. For now daily cloud is getting tested, For the bounce to extend price need to move above daily cloud.
August 17, 2015
SILVER chart update
ES chart update
- ES 4 Hour chart shown with immediate resistance level. Crucial support of 50 week SMA in weekly time frame.
GOLD Chart update
- Despite the bounce last week price continue to remain below the previous broken support zone. If price stays below this zone new lows are possible.
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