Here is an important look at silver and the US dollar.
Silver’s Key Resistance
February 3 (King World News) – Graddhy out of Sweden: As (with) Gold, silver also has an obvious single-line resistance level right now (black thick dotted). Silver is unlike gold still below its thick dotted black line, having formed a purple bull flag as a probable halfway pattern, which PO could very well be the coming ICH (Intermediate Cycle High).
Silver Marking Time Before Breaking
Decisively Above $18
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GOLD BULL CATALYST: US Dollar Troubles?
Graddhy out of Sweden: Bearish engulfing at possible DCH (Daily Cycle High) day 19. Then follow-through this Friday with massive down candle, taking out all four MAs (Moving Averages) plus red dotted DC (Daily Cycle) decline line, and with that confirming the DCH (Daily Cycle High). That candle can’t be healthy for it.
Setting Aside Today’s Rally, US Dollar
Chart Doesn’t Look Healthy
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