Video: Oversold Bounce Coming in Gold, Silver & Miners
Significant technical damage has been inflicted upon Gold, Silver and the miners, leaving them vulnerable to further selling over the coming weeks.
However, they are very oversold on a very short-term basis and odds favor a rebound next week. GDXJ and SILJ formed bullish hammers. Silver outperformed Gold in recent days. Silver and Gold are trading close to important support. Look for a bounce next week.
