GOLD Chart update

 

• Gold trying to stay above 50 Day SMA.
• Price testing daily cloud. Gold bulls must break above the cloud for a sustained up move to happen.
• Weekly chart shows price above 23.6% Fib level. For bulls of Gold need a weekly close above 23.6% Fib level to target 1400 or 38.2% Fib level. Price closing back below 23.6% Fib level or 50 Day SMA will be negative.
• SILVER Chart analysis

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