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TFC Commodity Trading Forum

Re: Gold Backing Off again/Testing support *PIC*

Yes synchronicity does rear its head in many things. I sensed your enthusiasm I guess,lol. Here is Silver. Still hanging in there after breakout out of its previous channel and forming another. Still above the 50ema and price support of 39 which is also its 1 year uptrendline. A break below $39 support would be very bearish and suggest a significant selloff. So far no damage has been done.