** A forecast for the months ahead **
On the above 2 week chart price action has enjoyed a historic 60% rally in only 12 months. There’s talk now of a massive rally for higher highs. Is the talk correct?
“David Morgan: Silver to US$40 in 2025, Then Blow-off Top in 2026?”
And 60% isn’t a blow off top?
investingnews.com/david-morgan-gold-forecast/
Technical analysis now supports a number of reasons to consider a bearish outlook in the months ahead. They include:
1) RSI support breakout.
2) Strong bearish divergence. Look left!
3) Bollinger Band curling inwards, a forewarning of buyer exhaustion and imminent trend reversal.
4) Currently a 3 month Gravestone DOJI candle prints. A confirmation at year end would be the green light to trigger strong selling pressure.
5) It is not the expectation of this analyst to see price action selling off until a re-test of the $35 area. This would be an excellent area for profit taking.
Is it possible price action continues to print higher highs as is popularly believed? Sure.
Is it probable? No.
Ww
3 month gravestone DOJI
Inverse head and shoulders
On the above 2 week chart price action has enjoyed a historic 60% rally in only 12 months. There’s talk now of a massive rally for higher highs. Is the talk correct?
“David Morgan: Silver to US$40 in 2025, Then Blow-off Top in 2026?”
And 60% isn’t a blow off top?
investingnews.com/david-morgan-gold-forecast/
Technical analysis now supports a number of reasons to consider a bearish outlook in the months ahead. They include:
1) RSI support breakout.
2) Strong bearish divergence. Look left!
3) Bollinger Band curling inwards, a forewarning of buyer exhaustion and imminent trend reversal.
4) Currently a 3 month Gravestone DOJI candle prints. A confirmation at year end would be the green light to trigger strong selling pressure.
5) It is not the expectation of this analyst to see price action selling off until a re-test of the $35 area. This would be an excellent area for profit taking.
Is it possible price action continues to print higher highs as is popularly believed? Sure.
Is it probable? No.
Ww
3 month gravestone DOJI
Inverse head and shoulders
Nota
Wait until $40 an ounce... 
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.