Gold and Silver: We remain cautious long

Yue Wang LinoCapital

Gold：

After breaking out from the long term triangle, the price is very closer to the first target.

It is consolidated in 1380--1440 range.

We still expect it could eventually break higher.

However, once downside resolved, will indicate a multiple months' top is formed.

Silver:

Silver is trying to break out from the long term triangle on weekly chart.

It failed to catch the uptrend with Gold recently, which should be taken into account.

If weekly close above 15.47, the next target should be 16.20/52.

Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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