Gold Daily and Silver Weekly Charts – The Waves Break Both Ways

from Jesse’s Café Américain

Gold and silver pulled back a bit from overhead resistance today.

The US dollar closed slightly higher in the DX index which is mostly a Yen-Euro-Pound metric.

The chart formations are all potential for now, with nothing having been resolved yet either way. The ‘handle’ on the gold chart *could* interpret and resolve as a handle, or an ascending wedge. The probabilities in a heavily politicized market are a bit cloudy.

As the Magic 8 ball says, ask again later.

There was little enough activity at The Bucket Shop yesterday. And a little bullion was shoved around the warehouses, mostly in silver.

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