Commodities Analysis and Opinion

Gold, Silver: Weak Price Action Indicates Downside Bias

08/08/2023

Less than a minute

2023.08.08 03:19

Gold, Silver: Weak Price Action Indicates Downside Bias

www.investing.com/analysis/gold-silver-weak-price-action-indicates-downside-bias-200640733

Gold, Silver: Weak Price Action Indicates Downside Bias

By Jordan Roy-Byrne, CMT | Aug 08, 2023 03:01AM ET

Jordan Roy-Byrne, CMT

Gold and Silver are both trading between support and resistance. The weak price action since the tail end of July leads one to think there should be a downside bias. At the same time, there have been 10 consecutive weeks of outflows from Gold funds.

08/08/2023

Less than a minute

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