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Silver/Euro and Dow/Gold Making Big Moves

From goldbroker.com

Last year, we looked at charts of Silver/Euro and Dow/Gold, both of which were on the verge of significant long-term breakouts. Since that time, the suspected breakouts have occurred, providing key evidence that the bull market in precious metals is indeed underway. It's time to review these fascinating charts. {chart} We'll start with Silver/Euro and note that the breakout we were looking for was from its bull flag that launched from the Covid low in 2020. We can see that over the past couple of months, the breakout has been impulsive indeed. Given that this flag consolidated for 3.5 years, there is certainly enough ... (full story)

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  • Category: Technical Analysis