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Stronger than Expected Rebounds in Gold & Silver. What’s Next?
Gold and Silver surged higher on Monday, which followed a mini-double bottom over the previous two weeks. This type of strength solidifies support at the recent lows of $3900 and $45.70, and raises the odds we have seen the low in price. The correction will continue in terms of time. Note the yellow boxes last spring. Gold had some very strong daily candles but its correction continued for three more months. I have sketched in two potential outcomes. Gold has essentially remained above its 100-day moving average, since its major breakout in March of 2024. It has tested it multiple times. In the less bullish scenario, ... (full story)
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