/SI silver reversed off the backtest of triple support: The intersecting uptrend line, downtrend line, & 17.736 price support. This opens the door for a contiunued move up to the next price target of 18.414, although it is worth noting that the US Dollar is at support (see below).

SI 60m June 23rd

SI 60m June 23rd

/GC gold is starting to move higher following several successful back-tests of the 1756.50 support level yesterday & earlier today as it approaches the top of the multi-month trading range, a key technical level.

GC 60m June 23rd

GC 60m June 23rd

/DX ($USD) has fallen to the 96.411 target/support where the odds for a reaction are elevated. The next objective short entries would come on either a kickback to the 97ish resistance level/former target and/or a solid break below 96.400. With the Dollar at support, any significant bounce off this level could provide a near-term headwind for the gold & silver longs while a solid break & continuation of the near-term downtrend should continue to provide a tailwind for the metals.

DX 60m June 23rd

DX 60m June 23rd