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Silver: Technical breakout or fakeout?
Gold prices fell significantly on Friday morning after a surprisingly strong jobs report for June prompted traders to reassess the likelihood of an interest rate cut by the Federal Reserve in the near term. The drop in the unemployment rate has effectively ruled out a rate cut this month, leading the gold market to fall to our second tactical support level of the day at $3,322 per ounce before bouncing as outlined in the "Metals Edge" daily research report. This decline in gold also pulled silver prices momentarily back into a "Bull Flag" pattern before regaining upward momentum towards the top of the range. Notably, ...
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- Jul 3, 2025 11:51pm Posted byTechnical Analysis191
