Gold weekly
Silver weekly
Summary
Suffice to add, the precious metals have been pushing upward since early July (along with the related mining stocks).
Gold is finding strong resistance around the $1300 threshold. Things would turn far more bullish with a daily/weekly close in the $1300s, and that would open the door to challenging the summer 2016 highs.
Considering the mid term weakness in the USD - settling the week in the DXY 92s, gold and silver are arguably under-performing.
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An important indirect bullish signal is copper, which has attained the first weekly close >$3.00 since late 2014.
If copper can manage a monthly close >$3.00 (whether August.. or beyond), it would suggest gold and silver will eventually follow....
.... as the trio do broadly trade together across the years.
