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Weekly Forecast For Silver

Published 09/22/2015, 03:14 AM
Updated 07/09/2023, 06:31 AM

INTRADAY CHART
Intraday Chart

22nd September:

We have seen a move above the Wave (a) and I suspect we'll see a correction in Wave iv that should be around 14.85-90 being the 58.6% retracement from where the Wave v should reach the 15.46-56 area. If seen, this would suggest a Wave (i) and therefore we are likely to see a deep Wave (ii) to allow gold to move to a new low.

Only above the daily wedge high at 16.00-10 would imply stronger gains - although I'd like to see gold make more robust gains also...

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