Charting Gold And Silver’s Technical Correction
The Gold Report | Sep 26, 2016 01:42PM ET
Our proprietary cycle indicator remains down.
The gold sector is on a long-term buy signal, which can last for months and years and are more suitable for investors holding for long term.
h3 Short-Term Gold/h3
Short term, gold is on a buy signal, which can last for days and weeks and are more suitable for traders.
Speculation continues to pullback.
Silver is on a long-term buy signal.
Get The News You Want
SLV is on a short-term buy signal, which can last for days to weeks and are more suitable for traders.
h3 Summary/h3A bull market in gold and silver has been confirmed, but the cycle is down and a multiweek correction is in progress. Caution is advised.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.