The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the center line adds to the potency of this crossover.
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Mega trend emerging in silver, time to sell gold and top up in silver? Gautam Shah answers
Gautam Shah, Founder, Goldilocks Premium Analysis, says after a interval of great good points in gold, which he efficiently traded,...