Gold Eyes $1950 Resistance

Gold closed last week at $1922, eclipsing weekly resistance at $1900 and putting itself in position to test major resistance at $1950 if there is any follow-through.

Image Source: Unsplash
 

Gold closed last week at $1922, eclipsing weekly resistance at $1900 and putting itself in position to test major resistance at $1950 if there is any follow-through.

Meanwhile, Silver, which closed Friday strong, has not moved in a month. The price action looks like a bullish consolidation but how bullish is that if it occurs when Gold gains $100? If Gold tests $1950 will that extra juice be enough to push Silver to $25-$26?

Video Length: 00:09:22


More By This Author:

Developing Macro Signal For Gold
Junior Gold Bull Analog & GDXJ Levels
Gold Hits Resistance, Silver Lags But Miners Breakout

Comments