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Gold & Silver Bullish Technical Pattern Emerges on Dollar Weakness

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Chris Vermeulen
TheTechnicalsTraders.com
Published : August 24th, 2020
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Category : Market Analysis

Interview Highlights:

  • We are in a euphoric phase near the end of a bull market. Only a few leaders are holding up the market.  Lagging Dow Jones and industrials indicate weakness. 
  • Put/call ratio is at levels even greater than 2018 when the market dropped 20% and in 2007 at the bull market top. 
  • Short term bearish on gold and silver with gold potentially hitting support at $1810 and silver $22. 
  • The US Dollar has hit support and we see a bear market bounce that is coinciding with a short term correction in gold and silver. 

CLICK IMAGE BELOW TO WATCH TO THE INTERVIEW

GET CHRIS’ PRECIOUS METALS ANDETF TRADE AND INVESTING SIGNALS TODAY – CLICK HERE
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Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better. His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine, and featured in Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
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