Summary: Technical charts from Jim Wyckoff at Kitco gives us a glimpse of where things may be headed for gold, silver, platinum and palladium. Gold currently has solid support at the $1400 level while it would experience heavy resistance at $1487. Recent jobs data helps the “bears” since an improving economy may spell the end of “QE,” the Fed’s bond-buying program, which is credited as a key supporter of metals prices. Silver on the other-hand has a key support of $23 and strong resistance at $24.84. See other charts below for more. Read more…
Charts courtesy of Jim Wyckoff and Kitco.
