TECHNICAL ANALYSIS

Money Consolidation Can Be Done As It Hits A 13 Day High


Money exceeds gold

Silver bugs have proven to be resistant.

Gold is consolidating but silver may be in the middle of another breakout. Today’s rally may have marked a path higher than the bullish flag pattern on the chart.

Money exceeds gold

Despite the current technical break, I am skeptical about short-term precious metals. The markets give Republicans a better chance of holding the Senate and that increases the chances of a divided Congress. With a Biden presidency, that would lead to tighter fiscal policy and unwind some of the recent gains.

Short-term, which peaks on Aug. 18 of $ 28.47.

For banking transaction ideas, check out eFX Plus

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close