Silver – Don't let the Double Bottom Fool Ya! | FXTimes – Forex …
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Silver – Don’t let the Double Bottom Fool Ya!
Fan Yang 10:39 AM EST February 19th, 2014
Silver has been strong lately, coming off a bottom seen in the daily chart, breaking above the 200-day SMA for the first time in about a year.
(Silver (XAG/USD) daily chart: click to enlarge)
You can see that the current bottom was near a previous bottom, so if the rally extends, silver will develop a double bottom.
Read the full article on my WhoTrades blog.
Fan Yang CMT is a forex trader, analyst, educator and Chief Technical Strategist for FXTimes. He also blogs forWhoTrades.com.
Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.
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Silver – Don't let the Double Bottom Fool Ya! | FXTimes – Forex …
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