Gold and silver are doing exactly what you’d expect from a market that’s just broken long-running horizontal resistance. Gold had been bumping up against resistance around $2075 since late 2020, coiling within a series of uptrends. After a false break in December 2023, the puncturing of the long-running resistance zone fared better second time around, taking out the former high before a period of consolidation before launching higher yet again. Considering how long the price was coiling below $2075, even a conservative estimate suggests the break could extend to above $2500. Silver’s move is not dissimilar, although ... (full story)