Jordan Roy-Byrne: Gold & Silver Technical Outlook
The Korelin Economics Report, Released on 4/20/22
Gold and Silver prices should continue to consolidate in the near term. Gold faces resistance at $2000 and support at $1900 and $1880. Silver faces resistance at $26 and support at $24. These could be the ranges moving forward. A daily break above $2000 for Gold and above $26.00 for Silver would be significant. Gold has very little overhead resistance whereas if Silver breaks $26.00, it would test resistance at $28.00-$29.00. We also mention the three scenarios in which Silver would outperform.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Gold & Silver Technical Outlook added by Herman James on 04/21/2022View all posts by Herman James ?+'