Summary: The latest technical charts from Jim Wyckoff and Kitco give us a glimpse of what we may see in the precious metals markets this week. Monday’s nearly 1% drop in gold and silver support Wyckoff’s analysis that the bears have a near-term advantage. After hitting strong resistance at around $1490, gold has slid back to $1420 but not near its low of $1323 on April 16th. Gold currently has solid support at $1400 and silver at $23. See below for more…
All charts courtesy of Jim Wyckoff and Kitco
