Gold/Silver Reinforce May 20 Cycle Highs; Intermediate Correction Likely.
05-29-24 – Gold & Silver have consolidated after surging into May 20th and setting initial multi-week highs. At the time, Gold set new all-time highs (fulfilling its weekly trend) as Silver spiked to new multi-year highs and right to its initial upside target at 31.50 – 32.20/SIN. They have begun to sell off but need daily closes below 2326/GCM (2348/GCQ) & 3019/SIN to signal a higher-magnitude pullback. If triggered, that would […]
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