Silver price has retested a historical support and is ready to follow up a long trade. We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.
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Gold Price Shine Further Upside | Gold Silver Reports
Gold Price Shine Further Upside: USD is moving into some late stages of a higher degree Elliott Wave structure. We are also in the mid of the week when flows can change especially when you have the FED minutes.
Gold Prices Today Struggle After Sharp Jump, Silver Rates Slip
Gold prices today struggled for direction today after a sharp gain in the previous session. On Free MCX Tips, gold was flat at ₹46961 per 10 gram while silver dipped to ₹63,160 per kg.
Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai
Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.”
Gold Prices Blast or Not: Generates RSI Buy Signal
The gold prices appears to be unfazed by the stickiness in the US Consumer Price Index (CPI) as the headline reading holds steady at 5.4% for the second month, and it seems as though bullion will move to the beat of its own drum ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 as it reverses course ahead of the March low ($1677).
Gold Price Bulls Up For a Last Dance Ahead of US Inflation?
Gold Price Bulls Up For a Last Dance Ahead of US Inflation? — After a tumultuous start to a relatively light week on Monday, gold price licked it wounds and tried to stabilize around $1720-$1730 levels.
Gold and Silver Bloodbath to Continue? | Gold Silver Reports
Gold and silver miners: Grim price action in the metals, and more be yet to come (looking at overnight price action, in all likehood we‘re done with shakeouts) – gold and silver usually do better once the waiting for taper is over.