In the wake of last week’s savaging, Gold is holding up better than Silver technically, having stayed well above the downdraft’s midpoint support at 1675.50. Under the circumstances, we might infer that if Gold can hang tough for another day or two it will pull Silver around. It would signal this subtly with a print at 1719.20, just above the highlighted peak. Of course, any B-C pullback from just above that peak should be regarded as a ‘camouflage’ gift to bulls looking for a good entry spot.
