Senin, 29 November 2021

Instant analysis: Gold, silver still longer-term bullish - Kitco NEWS

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - See on the monthly continuation chart for nearby COMEX gold futures that prices are still in a longer-term uptrend and not too far below the record high of $2,063.00, basis nearby futures, hit in August of 2020. In fact, a bull flag pattern has developed on the monthly gold chart. The longer-term measuring implications for this bull flag suggest an upside price target of around $2,500 in the coming months or a bit longer.

The monthly Comex silver futures chart remains in an overall longer-term bullish technical posture—as long as prices stay above strong longer-term chart support at the $21.00 area. The next upside price objective for the silver bulls is to push prices above longer-term chart resistance at this year’s high of $30.21. A move above this year’s high would open the door to much bigger upside price potential.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiYWh0dHBzOi8vd3d3LmtpdGNvLmNvbS9uZXdzLzIwMjEtMTEtMjkvSW5zdGFudC1hbmFseXNpcy1Hb2xkLXNpbHZlci1zdGlsbC1sb25nZXItdGVybS1idWxsaXNoLmh0bWzSAQA?oc=5

2021-11-29 14:05:00Z
1191428061

Tidak ada komentar:

Posting Komentar