The intermediate & longer-term outlook for gold & silver remains bullish at this time & I view today’s pullback following the recent divergent highs as a buying opportunity with buy zones for both /GC (gold) and /SI (silver) futures on the 120-minute charts below. Comparable buy/add-on zones for GLD, SLV, GDX, SIL, etc.. can also be extrapolated from these charts by using comparable levels which correlated to about a 3-5% drop from Friday’s close in silver & roughly 1.4% – 2.5% drop in gold.
GC 120m Jan 3rd
SI 120m Jan 3rd