/GC gold futures (or /MGC, GLD, GDX, etc..) offers a very objective entry (hard buy) here on this pullback to the 1888ish support level. Initial price targets are shown at arrow breaks where reactions are likely if/when hit on the 60-minute chart below.
Likewise, /SI silver futures (or SLV, SIL, /QI, etc…) offers a very objective entry (hard buy) here on this pullback to the 24ish support level as well with a stop somewhat below. 60-minute chart with initial price targets below.
Helping to support the case for a rally in gold & silver is the fact that /E7 (Euro futures) triggered a buy signal today with an impulsive breakout above the downtrend line as predicted in yesterday’s video. It is worth noting that /E7 has just hit my first price target & as such, the odds for a reaction on this initial tag of that target/resistance level is likely. However, the breakout was solid & it appears that more upside in the Euro, which would equate to more downside in the US Dollar, is likely in the coming days to weeks. If so, that should be net bullish for the precious metals.