Gold and Silver Assets

Informing precious metals investors

Chart draws

For any of the charts below, press the play button to update price bars. Trendlines were drawn on the date shown below each chart and remain valid until the next update. Written text updated separately.

Gold USD (XAUUSD)

Gold broke through the long term zone of support (between the horizontal blue lines). There is support between $1720 and $1680. A break below $1680 would be very bearish for gold.

Gold 27 Feb 2021 by goldandsilverassets on TradingView.com

Silver USD (XAGUSD)

Silver broke through the overhead trend line and was rejected from the overhead resistance at $30. There is support below at $26 and $24.50.

Silver USD 26 Jan 2021 by goldandsilverassets on TradingView.com

GDX (Vaneck Vectors gold miners ETF)

GDX 27 Feb 2021 by goldandsilverassets on TradingView.com

DXY

On the monthly scale, the lower trendline of the large ascending wedge has broken on the monthly, weekly, and daily timescales. Over the past year, a descending wedge appears to have formed. Overhead resistance at 92.7

DXY 26 Jan 2021 by goldandsilverassets on TradingView.com

SILJ (Silver junior mining stock ETF)

The SILJ ETF May be forming a channel. Price rose strangely with 4 red bars in a row. The break above the channel was false. Support levels below at 14 and 13.4. A break below the channel would be bearish.

SILJ ETF 26 Jan 2021 by goldandsilverassets on TradingView.com