Commodities Analysis and Opinion

Targeting $1950 for Gold and a Bit More Upside for Gold Miners

2023.01.23 08:23

Jordan Roy-Byrne, CMT

Golg inched higher last week past resistance at $1900-$1920. The next resistance is $1950-$1960.

Silver continues to lag and probably needs gold to surpass $1960 if it has a chance to surpass $24.50 and test resistance at $26.

The gold stocks and silver stocks (, , ) could have another 4% upside if gold reaches $1960.

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