Hi traders, here's a quick comparison between silver and gold.
Silver has reached the upper channel resistance and is forming a bearish pinbar pattern, signaling sellers are joining the market again. The resistance aligns with the 61.8% Fib level which could provide additional selling pressure and lead to a continuation of the recent downtrend.
Gold to follow silver if silver drops? Let me know in the comments! Hit the "LIKE" button if you want to support our work, thanks!
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