Next objective for spot gold bulls:
A new breakthrough above the $4199.00 to $4223.90 resistance zone
If this can be sustained, the next targets will be $4244.00 and $4257.00.
The next near-term target for bears is a fall below $4162.69
Further downside would test $4152.00 and then $4128.00.
As for spot silver: bulls need to reclaim the $62.350 to $63.150 zone
to look further toward $64.080 and $64.820;
For bears, if price drops below $60.890,
it may continue to probe $60.830 and the $60.000 level. $XAUt $GLD
A new breakthrough above the $4199.00 to $4223.90 resistance zone
If this can be sustained, the next targets will be $4244.00 and $4257.00.
The next near-term target for bears is a fall below $4162.69
Further downside would test $4152.00 and then $4128.00.
As for spot silver: bulls need to reclaim the $62.350 to $63.150 zone
to look further toward $64.080 and $64.820;
For bears, if price drops below $60.890,
it may continue to probe $60.830 and the $60.000 level. $XAUt $GLD