GOLD/SILVER TECHNICAL OUTLOOK:
• Gold took a hit yesterday, seen as heading lower some more
• Silver remains stuck in a downtrend
Last week, gold hit resistance and only stayed up against it for a day or so; the low 1830s turned out to be too much for gold to climb through. Yesterday brought some heavy selling that is seen as only the beginning of a bout of weakness.
We may see a little reprieve in the near-term, perhaps trading back around the 200-day at 1808 aga
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