Summary: Technical charts for gold, silver, platinum and palladium from Jim Wyckoff and Kitco provide some perspective on support levels and other key indicators. According to the gold chart, numbers show the metal is way “oversold,” and that while bears may still have a solid near-term advantage, they may be losing steam. Silver on the other hand has a floor of around $22.00, and technical resistance at $25. Like gold, it’s near-term outlook is in the bears’ favor, but again, the bears may have run out of steam. Read more…
Chart courtesy of Jim Wyckoff and Kitco
Chart courtesy of Jim Wyckoff and Kitco