Gold and Silver Drift Sideways

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Screenshot_2020-08-03 Gold Futures Price - Investing com.png

Gold rose today but looking at the chart it appears to be more sideways movement perhaps catching its breath.

Last week I mentioned how gold had been trading above the Bollinger bands.

Screenshot_2020-08-03 Gold Futures Chart - Investing com(2).png

See how gold although still rising is sliding within the Bollinger band.

Screenshot_2020-08-03 Silver Futures Price - Investing com.png

The chart speaks for itself - SIDEWAYS ACTION!

On the technical chart you can see how silver is moving sideways to trade within the Bollinger Bands.

Screenshot_2020-08-03 Gold Futures Chart - Investing com(1).png

On the daily chart the Miners are under a little pressure to the downside.

Screenshot_2020-08-03 Gold Futures Chart - Investing com.png

Perhaps a "bull flag" forming??????

Peace out and stack on!