The precious metals of Gold and Silver saw net May changes of
-$83.92 (1.8%) to $4538.94, and +$1.57 (2.1%) to $75.27 respectively.
Gold, monthly1b
Silver, monthly1b
Summary
Gold: a third consecutive net monthly decline, printing a low of $4366, and recovering to $4538. Momentum weakened for a third month. The May candle is rather spiky from the 10MA.
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Silver: a high of $89.36, cooling to $71.75, and recovering to $75.27. Momentum weakened for a third month.
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Special note...
Gold, daily
On Thursday (May 28th), gold saw an upside reversal from the 200dma.
Daily momentum is prone to turning positive next Mon/Tues'.
Things turn distinctly bullish above the recent high of $4473.
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