Gold and Silver Likely to Break Out
Thanks to falling yields, precious metals are looking constructive again.
Gold has rebounded after testing the $1810 support level for the past two days and it looks poised to break its bearish trend line around $1825/30 as it continues to make bullish price action beneath it:
Source: TradingCandles.com and TradingView.com
Silver has already broken from its falling wedge pattern:
Source: TradingCandles.com and TradingView.com
The path of least resistance is clearly to the upside for both metals. Look to buy the dips.
Fawad Razaqzada,
Trader | Analyst | TradingCandles.com
e: Fawad.Razaqzada@TradingCandles.com
