Gold and Silver Long-Term Resistance Levels: Breakouts Ahead?

In this video, we compare the long-term resistance levels in and . Gold is technically in a cleaner position as it only has resistance around $2,100 and should break that in the coming months.

Meanwhile, silver is yet to face resistance at $28-$30 and then its all-time high resistance around $50.

Due to this setup, silver may not outperform gold when gold breaks above $2,100. It could happen later.

We also show silver’s performance after gold’s breakouts in 1978 and 2009. This can help us decipher what might happen in the future.

Warning: Merged media would like to remind you that the data contained in this site is not necessarily real time or exact. All prices for CFDs (stocks, indices, futures) and Forex are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price, which which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur due to the use of this data.

Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.

Comments are closed.