Zak Mir on gold and silver

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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.

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