Gold climbs for a fourth month

The precious metals of Gold and Silver saw net January gains of +$43.90 (3.4%) to $1325.20, and +$0.53 (3.4%) to $16.07 respectively. The outlook into the spring is bullish.


Gold monthly1b

Silver monthly1b

Summary

Gold: a fourth consecutive net monthly gain. MACD (blue bar histogram) is set to turn positive at the Feb'1st open, which would be the first time since May 2018. There is a great deal of price cluster resistance in the 1360/70s. Things turn decisive >1400.

Silver: a second consecutive net monthly gain. MACD (blue bar histogram) is set to turn positive at the Feb'1st open. Soft target is the 2018 high of $17.36. Things turn decisive above the 2016 high of $21.23.
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As ever... implications for the related gold/silver mining stocks.