Jordan Roy-Byrne CMT, MFTA

Gold is on the cusp of making a new all-time high while Silver challenges resistance at $25-$26. We discuss the key weekly resistance levels as well as the monthly resistance levels. Click Here to Learn About TheDailyGold Premium

The consumer sentiment survey for long-term inflation expectations hit a 15-year high today. This comes at the end of the second greatest Fed tightening cycle in history. Moreover, the 1-year inflation expectation rebounded significantly. Click Here to Learn About TheDailyGold Premium

Robert Sinn (aka Goldfinger & CEOTechnician) discusses Gold’s weekly close above $2000, Gold’s current drivers and how he uses Silver as an indicator.  

Gold, Silver and the miners enjoyed small gains this week. All closed very close to key resistance, which we expect to be tested next week. Click Here to Learn About TheDailyGold Premium

As long as Silver continues to hold $22 on a monthly and quarterly basis, then the probability favors a test of $25 resistance and eventually $26-$27. Click Here to Learn About TheDailyGold Premium

The market is currently discounting a soft landing for the economy and this should continue into 2024. However, there is rising risk that turns to recession or stagflation in 2024. Click Here to Learn About TheDailyGold Premium

Gold closed at $1985 and faces important daily and weekly resistance at $2000. Silver traded up to $24.00 and faces resistance at $24.50 and $25.00. The miners (GDX & GDXJ) have a bit of upside before testing resistance at the 200-day moving average. Click Here to Learn About TheDailyGold Premium