Commodities Analysis and Opinion

Gold, Silver Bottom and Rebound into Holiday Week

2023.07.04 05:59

Jordan Roy-Byrne, CMT

A week ago we thought the precious metals sector and miners in particular were setting up for a bounce. The sector traded lower to start last week but closed the week with a powerful reversal.

rebounded from $1900 support and its 150-day moving average, while held $22 and its 200-day moving average. In the video we discuss potential short-term targets and resistance levels.

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