Zak Mir on gold and silver

By Zak Mir. 

Gold: 

• Likely second leg to June – August rebound
• Extended April RSI uptrend flags recovery argument
• April trendline target towards $1,550
• 50 day moving average at $1,343 the buy trigger

Silver:

• Rising 50 day moving average at $22.46 dragging metal higher after recent
• Bear traps.
• Rising June price channel targets $26 and is backed by RSI uptrend line from that month.
• August gap fill reversal could be deciding bullish factor.