Gold weekly
Silver weekly
Summary
Suffice to add, this weekly gain in gold was pretty important, and negates the s/t threat that the Dec'2017 low of $1238 might be tested. Instead, s/t outlook is bullish into early June. The next rate hike (June 13th) will be a reminder though that rates are still being regularly raised. Higher rates are inherently bearish for gold.
Things will only turn decisively bullish if Gold can break and hold the $1400 threshold. Arguably, Silver just needs the $18s.
