The Daily Gold, Released on 2/4/24
Gold has important short-term support at $2000 and Silver does at $22. If the metals lose those levels then there could be more selling. However, it could setup a significant low before the spring. Gold in a vacuum looks incredible technically. However, Gold against the Stock Market is at a 52-week low and trending down. I look at two historical comparisons.
Gold & Silver Daily Chart 0:34
Gold & Silver Weekly Chart 0:28
Gold vs. S&P 500 4:00
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.
Jordan Roy-Byrne: Gold & Silver Need to Hold These Levels added by Herman James on
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