- 1360ish for Gold. then 1150ish, and
- 18.00ish for Silver
And, I'm watching to see how price reacts to the recent bearish "Death Cross" formation on the Commodities Index, as noted in the Weekly chart below. A drop and hold below 800.00 should see lower prices ahead...possibly down to 700.00ish. (Note that although my chart provider has it labeled as the home price index, that is incorrect...it is, in fact, the commodities index.)
And, finally, this Weekly Gold:USD ratio chart shows that price is just below the 200 moving average. Until the indicators reverse their current downtrend, Gold may continue to weaken relative to the US $.