Charts do not lie. There are a slew of highly respected PMs “gurus” with extensive followings. None we know of have been on target in the past year. Not only are the trends still down, prices made new recent lows, again, within the trading range, but nowhere near the “prices will reach levels you cannot believe” area.
Here is another look at the “manipulated charts,” [we do not know of a better source], to see how developing market activity is “developing,” under the circumstances. With “guru” estimates very high, and prices currently relatively low, the charts remain the most reliable barometer, for obviously, they do not lie, whatever may be the lies behind them.
No conclusion drawn about the current trading month for it has just begun, and no one knows how/where it will end. The chart comments need not be repeated, but the labored decline since the last swing high is a message from the market…just not fully played out.
The primary trend remains up, but its current correction keeps price range-bound, net a positive trend sign.
Just, Watch all Chart of Gold and Silver. CliCk on Charts for Bigger…
LockGet free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
