Key Levels For Gold & Silver
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This video is a technical update on gold and silver. Gold faces stiff resistance at $1880-$1900. The current rebound should fade the first time it approaches that level. There is support at $1780, $1750, and roughly $1710, with the 40-month moving average.
The 38% retracement is at $1675. Silver broke down to a near two-year low. It is very oversold and bouncing. However, it could fall to very strong support around $18.75. The gold/silver ratio should go to 90 and possibly 100.
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