The Daily Gold, Released on 12/3/23
Gold finally made its historic breakout last week and the price is hovering around $2100 as the week begins. Gold has measured upside targets of $2300 and $2500. Silver has measured upside targets of $31. Silver is wrestling with resistance at $26 but could reach $29-$30 if Gold moves to $2300. The gold stocks broke out from inverse head and shoulders patterns and have more short-term upside.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.