Video: Gold, Silver & Miners to Begin Oversold Bounce
Precious Metals have experienced a rough decline in recent weeks, but it could reverse this week. In recent days Gold, Silver and the mining indices have formed bullish hammers. Silver, GDX and GDXJ bounced from their 200-day moving averages. Gold bounced from key support at $1835.
In this video we also cover potential short-term upside targets for Gold, Silver, GDX, GDXJ and SILJ. A rally into March could improve the monthly candles for February, which currently look bearish.