


trade_phlex
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Joined Jun 28, 2019
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With the DXY also rejecting it's down-trend resistance from its' high, we see spot gold break through it's short-term down-trend resistance.
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It's important to look at Gold against various currencies - this can translate as a country's financial trust/stress barometer. The Gold in CAD chart has recently formed a nice classic bull-flag on the weekly candles. Continuation of this bullish pattern would bring Gold to a new ATH for Canadians.
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SILVER
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1WLong
Silver price has just pushed through critical juncture where both short-term ascending and long-term descending trend resistance lines have crossed. To say that this breaking through both of these is bullish for silver would be an understatement.
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