
The gold ETF produced an outside reversal this week on very heavy volume, suggesting liquidation.

The silver ETF also furnished an outside reversal on very heavy volume.

USD is bound by support and resistance and is destined to break one way or the other soon.
Summary
Much will depend on the dollar, as the Fed's announcement this week did not cause a break one way or the other. Perhaps Brexit will next week. The outside reversals on GLD and SLV were on very heavy volume, and that suggests liquidation. Caution is advised.



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