22 September 2016

Gold Daily and Silver Weekly Charts - Been Down, Looking Up - Autumn Leaves

If you did not pick up on the completely obvious, gold and silver were smacked down lower ahead of the FOMC meeting so that when assets, including the precious metals, rallied after the Fed did nothing they would not challenge key overhead, breakout resistance.

So today we saw some additional timid rallying in the metals, with gold being held below 1350 and silver below 20ish.

Have a pleasant evening.