Editor’s Note
As gold and silver extend their historic decline, a chart analyst identifies critical technical levels that could determine the market’s next move.
Precious Metals Market Update
The unprecedented correction in the precious metals market has not yet stopped. On Monday, gold and silver continue to lose value. A chart technician names two key price levels to watch now.
Price Action and Analysis
Frankfurt, Düsseldorf. The price correction for gold and silver is evidently not yet over. Both precious metals are losing further value on Monday.
Gold bars: Within two days, the gold price has fallen by up to 18 percent.
“A chart technician names two key price levels to watch now.”