Silver/Gold - Failure at Resistance
Silver fell precipitously last week off resistance.
There is some support at $14 for Silver, but as hard as Silver is falling support won’t last long. The next level of support is $10 Silver.
Silver is declining to long term target of $6.50.
Weekly
Gold is faring better than Silver, but a correction in Gold is underway. Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.
Stronger support is located at $1,375 for Gold.
Weekly
Source: http://cyclicalmarketanalysis.blogspot.com/2020/03/silvergold-failure-at-resistance.html
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