Precious Metals Look Ready To Bounce
Satendra Singh | May 08, 2018 12:39PM ET
On analysis of the movement of Gold and Silver Futures on May 8th, 2018 at 12:25:00 in their respective chart patterns, which I noted in my last analyses here and here, I find that Gold and Silver bulls look ready for a bounce from the current levels. No doubt that the negative expectation of the final outcome has already been factored into their respective current prices at current levels. Now, the final outcome from President Donald Trump on Tuesday brought some positive news for the bulls. Having another look at the current position of both the Gold and Silver futures, I find that they going to hold at their strong support levels at the current levels which is evident enough for a breakout ahead.
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