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.
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.
GDX (Vaneck Vectors gold miners ETF)
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
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.