Sunday, June 1, 2014

Gold Update

Finally both Gold and miners broke down from their respective triangles (and rising RSI trendline) and are now moving towards 1200$ and 20,7$ respectively

Next target for Gold 1200$ where it should bounce.

Next target for GDX 20,7$

Silver is now sitting on a critical support at ~18,75$.If silver break down through that support then it will move initially towards 16$