With the USD cooling for the third consecutive week, the precious metals battled higher. Gold and Silver saw net weekly gains of 1.7% and 1.0% respectively. Near term outlook offers a little further upside, but the Nov'2014 lows still look set to be taken out once the USD floors, and begins a hyper ramp to the DXY 120s.
GLD, weekly
SLV, weekly
Summary
Suffice to add... price action this year is increasingly tight.
For me, a key multi-year low has not yet been achieved.
Once the USD starts to climb from the DXY 92/90 zone, the metals will be under renewed increasingly downward pressure.
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