MCX Silver Price Has Given Breakout Of A Inverted Head - Dollar Advisory | Best Commodity Tips Provider

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Friday 18 August 2017

MCX Silver Price Has Given Breakout Of A Inverted Head

On the daily chart, MCX Silver price has given breakout of a inverted Head and Shoulder pattern, which is very bullish pattern.

Moreover, on the daily chart, COMEX Silver price has moved above its previous peak of $16.96.

Furthermore, price has been trading above its 21 EMA on the daily chart. In addition, momentum indicator RSI is in positive crossover and rising on the daily chart.

Therefore, we keep our bullish view on Gold with an expectation of 40900 levels.

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