Last Chance To Buy Cheap?

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A review of the shorter-term and longer-term support and resistance levels in the precious metals sector. While the corrective move down in gold did briefly fill that breakaway gap level in gold, in general, the yellow metal has held above key $1900 support and the $1920 support on weekly charts, and Jordan would be surprised to see a pullback below $1880 support. We also reviewed the medium-term $2,500 price projection coming out of the smaller cup & handle from August of 2020 to March of 2022, and the longer-term $3000-$4000 gold price projection on the longer-term decade long cup and handle pattern that he believes will achieve those targets by 2024. Next, we moved over to silver and that while the technical outlook isn’t quite as bullish as gold, and it has more overhead resistance levels to clear at $28 and that it may take gold breaking out to a new all-time high to give silver the push to get over the $30 resistance level and begin the path to $50.

Video Length: 00:21:02

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