Gold and silver likely to break out
|Thanks to falling yields, precious metals are looking constructive again.
Gold has rebounded after testing the $1810 support level for the past two days and it looks poised to break its bearish trend line around $1825/30 as it continues to make bullish price action beneath it:
Silver has already broken from its falling wedge pattern:
The path of least resistance is clearly to the upside for both metals. Look to buy the dips.
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