Jordan Roy-Byrne: Time For Gold And Silver To Pull Back?

The Daily Gold, Released on 1/22/23

Gold 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 (GDX, GDXJ, SILJ) could have another 4% upside if Gold reaches $1960.

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.

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