Bearish
Silver and gold are my charts of the day to kick start the week .Silver has been failing to trade above the 200 daily moving average and as we see on this chart it has been pushed back down below the MA.
Also has broken the $ 15.50 key level of support and we should be looking in seeing more decline to $ 14.50 .
other confluence is price action forming a High test candle / Pin bar. and we in a downtrend
Rejection of the fib zone
Also has broken the $ 15.50 key level of support and we should be looking in seeing more decline to $ 14.50 .
other confluence is price action forming a High test candle / Pin bar. and we in a downtrend
Rejection of the fib zone
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