Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
Trade active
Good bearish reaction today in conjunction with the stock market as suggested 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.