$SLV formed a bullish breakout above the white resistance line. SLV rallied to $27.32 before a selloff. I think SLV could rebound and continue trending up. $27.32 will be another resistance target to monitor before SLV can reach $33.78 and $46.95 price levels.
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GDX has been performing very well after a successful bullish breakout from the yellow trendline. I have been in GDX for quite some time now, and have waited months for this breakout. I have the red trendlines as key resistance targets ahead. I’m bullish on GOLD in 2024, I think GOLD will reach $3,000 and […]
Read MoreIn recent weeks, the copper market has experienced unprecedented activity, with copper futures in New York rallying to record highs. This surge, driven by a short squeeze, has caused a stir in commodities trading, prompting traders to divert metal to U.S. shores. A short squeeze happens when traders who have bet against a particular asset […]
Read MoreUSOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels. GOLD Finds Support at the Green Zone GOLD has rebounded off the green zone, and […]
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GDX has been performing very well after a successful bullish breakout from the yellow trendline. I have been in GDX for quite some time now, and have waited months for this breakout. I have the red trendlines as key resistance targets ahead. I’m bullish on GOLD in 2024, I think GOLD will reach $3,000 and […]
Read MoreIn recent weeks, the copper market has experienced unprecedented activity, with copper futures in New York rallying to record highs. This surge, driven by a short squeeze, has caused a stir in commodities trading, prompting traders to divert metal to U.S. shores. A short squeeze happens when traders who have bet against a particular asset […]
Read MoreUSOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels. GOLD Finds Support at the Green Zone GOLD has rebounded off the green zone, and […]
Read More