…according to our Market Profile charts. At Futurestechs we combine Candlestick Analysis on different timeframes (from 10 minute to weekly/monthly charts) with Market Profile.
Market Profile looks at things a bit differently and we’ve always found it can be an excellent overlay; looking at “Volume at Price” to give an extra dimension to our reading
What we’ve seen overnight may be giving us a big clue to the future direction of Silver (and therefore Gold, and maybe even other assets).
Silver broke higher over Christmas, taking out strong resistance around 14.85-95 that had been weighing for months. This triggered a reaction that saw gains to 15.955 by the time the
The high on the 8th (58.87) immediately became a support level. And it’s worked out rather nicely, holding almost to the tick on the pullback we saw on Monday.
