SILVER: DOES IT MAKE ANY SENSE?

Hi Guys,

the above move is on the DAILY chart of SILVER whilst the move below is on the HOURLY chart of GOLD.

They look similar, don't they? Silver seems to lag or is it just an impression?

Please leave your comments and a "like" if you would like me to keep posting on this move. Thank you for your support.

Hope you like it and enjoy.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

Comment:

Below I am posting two snapshots: GOLD DAILY CHART and SILVER HOURLY CHART. The contrary of what I did before.
GOLD DAILY CHART

SILVER HOURLY CHART

Comment:

My question is: if GOLD hit the resistence at 1240, will SILVER hit the resistence at 15?

Comment:

Ok, I think I am getting there...the following snapshots are GOLD and SILVER both HOURLY charts. Please note the vertical line is the 16/8, GOLD's low. SILVER hits its low after the precious metal.

Comment:

TO NOTE RSI ON BOTH CHARTS. GOLD MADE A TOP IN OVERBOUGHT TERRITORY. SILVER'S RSI HAS NOT ENTERED IN OVERBOUGHT TERRITORY YET.

Comment:

ALERT that a top may be forming at 1225-1230 on Gold and at 14,5-14,6 on Silver. I add again the same snapshots with the addition of a line on the tops made last Friday 16/11.
GOLD HOURLY CHART

SILVER HOURLY CHART

Comment:

RESISTENCE