Euro Sends Gold And Silver A Bullish Message
Chris Kimble | Jun 07, 2019 03:27PM ET
Is the hard-hit euro about to send a bullish message to gold, silver and the mining stocks?
Metals bulls want to see the euro head higher to send them a bullish message. For the past 14 months, the euro has created a series of lower highs and lower lows.
While trending lower, the euro looks to have created a bullish falling wedge pattern, with the apex of the pattern at falling channel support.
The euro is breaking above this bullish falling wedge this week at (1), which sends a short-term bullish message to gold, silver and the miners.
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