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Gold Eyes $1950 Resistance

01/16/2023

Less than a minute

2023.01.16 07:01

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Jordan Roy-Byrne, CMT

closed last week at $1922, eclipsing weekly resistance at $1900 and putting itself in position to test major resistance at $1950 if there is any follow-through.

Meanwhile, , which closed Friday strong, has not moved in a month. The price action looks like a bullish consolidation but how bullish is that if it occurs when Gold gains $100? If Gold tests $1950 will that extra juice be enough to push Silver to $25-$26?