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Silver Coiling Under a Key Declining Resistance Trendline

posted by Avatar FXTimes 263 days ago in Technical, Daily, Metals

Silver has been on a tear since breaking above consolidation resistance at 28.43. In August, it has rallied from a low near 26.70 up to 31.24 this week’s high made on Monday (8/27). It has since starting coiling, as the 1H chart shows, falling between converging near-term support and resistance. You can say it is in a triangle congestion pattern...
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