Editorials

Since its peak in August 2020, Gold has moved towards a breakout on multiple occasions but failed in every case.    Nevertheless, as of Thursday, November 16, Gold is within 4% of a daily all-time high and 2% of a weekly all-time high. It appears only weeks, if not months, from a historic breakout. … Continue reading

Gold touched $2000/oz resistance last Friday but has so far held most of its gains in a bullish fashion. It closed Wednesday at $1995/oz.    Next Tuesday marks the monthly close.   The monthly candle chart of Gold is below, with the resistance line at $2000. Gold has tested $2000/oz in seven of the … Continue reading

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, outlines both the technical and intermarket levels he is watching on the charts but balances that out with the macroeconomic data driving market expectations.  We start off getting some pricing support and resistance levels on gold, silver, GDX, and GDXJ, and a look at how gold … Continue reading

Gold has rocketed higher in recent weeks and hit $2000 on Friday before backing off a bit. Gold is overbought which is bullish but in the short-term it likely pauses or corrects. Look for support at $1940 and $1920. Click Here to Learn About TheDailyGold Premium

Amid escalating conflict in the Middle East and its oversold condition, Gold surged higher last Friday to nearly $1945/oz.   That surge occurred days after a bullish intraday reversal from $1823/oz on October 6 and a gap higher on October 7. Then Gold continued higher for a few days before Friday’s explosion.   In … Continue reading

The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.   The timing of the transition to that favorable outcome is difficult to discern.   However, … Continue reading

Gold remains in a bullish big-picture consolidation but failed to break out as the Fed quelled banking issues, and the economy has avoided recession.   The market has discounted a soft landing as capital has moved out of Bonds and into equities.   Inflation expectations have begun to perk up mostly due to the … Continue reading

The move higher in bond yields and real interest rates on the back of a stable economy (for now) is causing heavy selling in Gold & Silver.    Although two weeks remain in August, Gold’s monthly candle chart shows a clear bearish engulfing candle.    The next strong support is the long-term monthly moving … Continue reading

The technicals for precious metals were looking positive at the end of July, but since then, the bears have driven the sector lower as the US Dollar has rebounded.    In stepping away from the short-term, we see that the secular trend has yet to change.    The S&P 500 has gained momentum after … Continue reading

I have written about this for almost a decade now.    But it’s even more pressing now that perhaps Gold has run as far as it can outside a secular bull market. It is trading very close to very significant resistance.    It isn’t easy to envision a huge move higher in the precious metals … Continue reading