Commodities - Update on Gold and Silver

publication date: Nov 10, 2021

Today’s break above the 14-month downtrend is the first step for a bullish call. We noted in yesterday’s report that we would like to see a weekly close above the downtrend to have a confirmed breakout as we don’t want to get caught in a false move. For an aggressive trader, we won’t object to taking a small long position here with a stop under the trendline at $1828. We should have a clearer picture by the end of the week.

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