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The Silver

The Gold Is Expected To Start Facing Difficulties Around 2650$.
The Same Is Expected For The Silver In The Range Of 31.5$ - 32$.

Sell-Off Is Expected To Continue When Targets Are Met.
Quoting Dreamy14
The Gold Is Expected To Start Facing Difficulties Around 2650$. The Same Is Expected For The Silver In The Range Of 31.5$ - 32$. Sell-Off Is Expected To Continue When Targets Are Met.
Any specific reason(s) why, if I may ask?
In other news: the earth is flat. Aliens built the pyramids. And god exists
Quoting Lloyd628
{quote} Any specific reason(s) why, if I may ask?
In View Of The Recent Realization By The Market That The Fed Won't Be Able To Cut Rates As Expected Will Create A Barrier For The Price Of Gold.

Central Banks Have Started To Intervene Into The Debt Market And Started Buying Again Which Will Keep The Risk Down And Allow The Money To Move From Safe Assets To Risk Assets.

Big Short Positions On The Gold And The Silver By Some Of The Major Banks Is Creating A Resistance. Profit Taking Is Taking Place As It Is Evident That The Price Of The Gold Is Finally Returning To The Averages.

Somewhat Above 2650$ Is Where The Biggest Fight Will Revolve Around And The Lack Of The New Bad Surprises On The War Front Will Make It Difficult To Justify The Price Of Gold Going Higher.
Quoting Dreamy14
{quote} In View Of The Recent Realization By The Market That The Fed Won't Be Able To Cut Rates As Expected Will Create A Barrier For The Price Of Gold. Central Banks Have Started To Intervene Into The Debt Market And Started Buying Again Which Will Keep The Risk Down And Allow The Money To Move From Safe Assets To Risk Assets. Big Short Positions On The Gold And The Silver By Some Of The Major Banks Is Creating A Resistance. Profit Taking Is Taking Place As It Is Evident That The Price Of The Gold Is Finally Returning To The Averages. Somewhat...
Thank you very much.
In other news: the earth is flat. Aliens built the pyramids. And god exists
Quoting Lloyd628
{quote} Thank you very much.
Sure!

Price Has Reached 2640$ Which Is For Now Proving To Be A Resistance.

Silver Has Reached 31.5$ As Well (31.5$ - 32$).

Yields Have Dropped Yesterday, However They Are Back Up Again. We'll See What'll Happen In The Near Future.
We've Come To A Point At Which The Buy Will Be Put To A Final Test. Big Move Up Or Down Is Expected From Here.
  • Post #67
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  • Last Post: Nov 21, 2024 11:27am Nov 21, 2024 11:27am
Judging By The 10Y Yield And The Fact That It Is Still Around 4.4% Would Mean That The Fed Won't Be Able To Deliver Another Rate Cut In December.
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