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.

gold

 

gold

 

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.

silver

 

silver

Views are my own, not trading recommendations.

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