Gold Miners Need To Continue Higher To Confirm
Monday , September 20 2021
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Gold Miners Need To Continue Higher To Confirm

In an almost stealth mode, precious metals have started to trend downward and start a new price, while the US stock market has focused on the FOMC meeting and current economic data a few weeks earlier. Gold, silver and a number of Minor ETFs have recently launched a moderately strong push behind the publicity veil in the markets regarding the IPO and new recent highs of bitcoin.

All gold traders know that when gold starts a new leg, it could mean that inflation fears in global markets are increasing and/or fears are starting to return to the markets. After the recent rally in the US major index and as we sorted through Q1: 2021 earnings, it is understandable that some fears and inflation concerns are beginning to take precedence over other concerns. Will the market continue to move only and only at higher levels? Or are markets near some sort of intermediate-term peak after rallying from November 2020?

Recent moves in gold and silver prices are beginning to work more aggressively to protect traders and investors against market risks. My research team and I believe that these inverted trends can confirm a reverse breakout trend in precious metals and miners within 2 to 4+ weeks. You can find some of our earlier research articles related to metals, including our April 15 price target for gold, silver and platinum, and our research from March 26, where we explore an imminent miners breakout rally.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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