Gold prices are obviously departing from the weak-dollar theme that has driven metals and energy prices during past few days. Whilst crude keeps on bringing higher, gold has taken out increasing channel support and presently getting ready set to break under a flatter minor increasing trend line to find the direction for a drop to $1044.00.
This is particularly noteworthy given the background in the currency markets, where the US Dollar is rallying higher almost all the majors with the important exception of the British Pound. It looks like a change is on the move, though it stays to be seen what is produced once it is done.
The fall in silver has been evident, with prices testing under major support at $17.50, the range bottom that had prices from the start of the month.
This is particularly noteworthy given the background in the currency markets, where the US Dollar is rallying higher almost all the majors with the important exception of the British Pound. It looks like a change is on the move, though it stays to be seen what is produced once it is done.
The fall in silver has been evident, with prices testing under major support at $17.50, the range bottom that had prices from the start of the month.
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