We've been in consolidation since the beginning of October.
Should the Dollar continue to get weaker, this will give Gold & Silver a bullish bid. Ongoing stimulus talks also favours both precious metals to go higher.
The bottom line of support was rejected twice on the left and the third time we closed below catching traders on the wrong side of the market and pushing higher. Should the trendline get broken, i'll wait for a retest and go long towards $35
Should the Dollar continue to get weaker, this will give Gold & Silver a bullish bid. Ongoing stimulus talks also favours both precious metals to go higher.
The bottom line of support was rejected twice on the left and the third time we closed below catching traders on the wrong side of the market and pushing higher. Should the trendline get broken, i'll wait for a retest and go long towards $35
