The Daily Gold, Released on 2/4/24
Gold has important short-term support at $2000 and Silver does at $22. If the metals lose those levels then there could be more selling. However, it could setup a significant low before the spring. Gold in a vacuum looks incredible technically. However, Gold against the Stock Market is at a 52-week low and trending down. I look at two historical comparisons.
Gold & Silver Daily Chart 0:34
Gold & Silver Weekly Chart 0:28
Gold vs. S&P 500 4:00