GLD, weekly
SLV, weekly
Summary
Little to add. Near term strength, but holding under old broken support.
Mid term targets remain: Gold 1050/950, with Silver 12/10.
Friday, 10 January 2014
A third week higher for Gold
The precious metals continue to battle to hold the June 2013 lows. Gold saw a third consecutive week of gains (+0.7%), although Silver was a touch weak (-0.1%). The near term trend remains moderately bullish, but the broader trend remains very bearish.
GLD, weekly
SLV, weekly
Summary
Little to add. Near term strength, but holding under old broken support.
Mid term targets remain: Gold 1050/950, with Silver 12/10.
GLD, weekly
SLV, weekly
Summary
Little to add. Near term strength, but holding under old broken support.
Mid term targets remain: Gold 1050/950, with Silver 12/10.
