(Kitco commentary) - In this article, we'll delve into the recent developments in various market charts and analyze potential opportunities for traders and investors.
'Metals on the Move' is an exclusive newsletter brought to you by Gareth Soloway, President of VerifiedInvesting.com in partnership with Kitco News. To get actionable trade alerts and expert chart analysis FIRST, sign up now and power your trades!
Currently, the focus is on a re-test of the prior support, now acting as resistance. This situation can be likened to revisiting the scene of a crime before embarking on a higher ascent. The projected price range for this re-test hovers between $32 and $34. Should the ETF manage to secure a higher bounce from this re-test, the next obstacles lie around $47 and $50 in terms of resistance.
The yellow metal's latest behavior involves a bounce from the second re-test of this line, hinting at the potential for an upward journey toward the MACRO resistance at $2,080. The broader pattern suggests a bullish sentiment, although market dynamics can always introduce unexpected twists.Silver, akin to its precious counterpart gold, presents a captivating chart story.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Price gains for gold; silver bulls charged up(Kitco News) - Gold prices are modestly up and silver prices are higher and hit a three-week peak in early U.S. trading Wednesday.
Lire la suite »
Gold, silver price favoring bulls – How to press a winning trade(Kitco commentary) - Monday morning, I suggested an opportunity for a long trade in metals with a first target of $23.80 silver and $1930 gold.
Lire la suite »
Solid gains for gold, silver as Jackson Hole looms(Kitco News) - Gold and silver prices are solidly up in midday U.S. trading Wednesday, boosted by a weaker U.S. dollar index and a dip in U.S. Treasury yields at mid-week.
Lire la suite »
U.S. Treasury yield decline sparks strong gains in both gold and silver(Kitco commentary) - Both gold and silver had significant and strong gains today reacting to longer-term treasury yields declining to their lowest levels this week.
Lire la suite »
Mild price losses for gold, silver as markets await Jackson Hole(Kitco News) - Gold and silver prices are modestly down in quieter early U.S. trading Thursday, as traders are awaiting the marketplace event of the week: the annual Federal Reserve symposium held in Jackson Hole, Wyoming.
Lire la suite »
Thursday's Charts for Gold, Silver and Platinum and Palladium, August 24Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Lire la suite »