Gold reclaims long-term support. Silver challenges its triangle. What's next?
(Kitco Commentary by Anna Radomska) - Precious metals buyers have finally given us some interesting reasons for optimism! After several difficult weeks, last Friday brought important changes to the technical picture.
#
Gold# reclaimed a long-term rising support line and delivered a weekly bullish engulfing pattern. #
Silver# also achieved something meaningful, recovering above a previously broken triangle boundary after defending an important Fibonacci support level.
Monday's buyers are trying to build on those successes, but there's an important question: ...