Tuesday, September 17, 2013

Silver Tests Key $21.40/70 Support Zone Ahead Of FOMC

A little over 2 weeks ago we noted that silver found resistance near $25, which was of psychological option related significance as well as the 38.2% retracement 4/26 high. Additionally, the Shooting Star formation combined with a daily bearish divergence with CCI suggested XAGUSD could see a correction.



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