Jordan Roy-Byrne: Comparing Gold & Silver Long-Term Resistance Levels
The Daily Gold, Released on 3/15/22
In this video we compare the long-term resistance levels in Gold and Silver. Gold is in a cleaner position technically as it only has resistance around $2,100 and should break that in the months ahead. Meanwhile, Silver still has to deal with resistance at $28-$30 and then its all-time high resistance around $50. Because of this setup, Silver may not outperform Gold when Gold breaks above $2,100. It could occur later. We also show Silver's performance following Gold's breakouts in 1978 and 2009. It can help us decipher what occur moving forward.
Jordan's article: https://thedailygold.com/gold-has-done-this-only-twice/
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Comparing Gold & Silver Long-Term Resistance Levels added by Herman James on 03/14/2022View all posts by Herman James ?+'