Silver (SI) Weekly MACD Trying to Positively Cross

Silver (SI) is consolidating for a 4th straight day going into the European morning, and has begun forming a weekly Doji.  Significantly, although odds are elevated for SI to continue its bounce over the next few weeks to ascending triangle or Bull Flag consolidation resistance (on the weekly chart), bulls are best prepared for a moderate probability this week of a retest of upchannel support (on the 4hr and daily chart).  A volatility surge can be expected as early as following today's US CPI data release at 830am EST.  Congratulations to readers who heeded the warning August 5th of SI's overbought conditions and to the December 16th alert to SI's breakout above its daily chart downchannel resistance.  The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Tuesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Silver (SI) Weekly/Daily/4hr

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