Precious Metals Give Back Today

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Screenshot_2020-07-30 Gold Futures Price - Investing com.png

For the first session in a long time gold gave back a little and closed down.

Screenshot_2020-07-30 Gold Futures Chart - Investing com.png

With today's close gold moved within the Bollinger bands for the first time in 7 sessions.

Screenshot_2020-07-30 Silver Futures Price - Investing com.png

Silver closed down for the session. Silver is looking a bit weaker than gold at this point.

The multi-year break out level is around $21.45, so it would not be surprising to see silver go back and test this level.

Screenshot_2020-07-30 Gold Futures Chart - Investing com(1).png

The miners continue to sell off, putting the 18 day moving average as a bearish target.

Peace out and stack on!

Precious Metals Give Back Today | Ecency