Silver
4 hr shows the divergent bounce and as always the retest comes after. General markets weak also, all eyes are on NVDA report tonite, could disappoint and drag miners down with the ride. Rumour mill says NVDA chips are overheating and also MSCI cooking their books does not bode well .
Added the gold tagging 100 ma with resistance to clear above. My cci89 indicator centerline acts as the 1oo ma which helps me in my quick glance charting. Next drop target obviously the 200 for the ABC 4th wave down
It’s Greek to me. What does all that mean for the silver price in the near future. Do you thinks it’s in for a nasty drop? the 200 what? I think for the long term silver will be way up, but after a drop back down to 24 or so.I’ve now moved out of all miners. They have done nothing for many years but lose money in relation to the value of the metal. It’s been painful, but miners have been money losers for a long time unless you win the lottery and pick up a good investment. I’ve finally learned my lesson.
Just realized you were probably talking about the 200 moving day average.