Silver and Gold - back in the break out zone!

At time of writing Gold and Silver are back in the break out zone.

Take a look at the daily gold chart below:

Gold is back in the dreaded zone of very strong resistance where it needs to break 1360-1370 to confirm that a major uptrend is back in motion, but look again... The malingering bullish flag formation that has been forming over the past few weeks has now broken. This might be an indicator that gold is about to rocket up past 1360 over the next few days. With everything else that's going on in the world it would make sense and it's overdue for a move either way.

Silver is also correlating the move but in a slightly different way:

Remember the major and minor wedge formations that we covered in our last post?
https://steemit.com/steemsilvergold/@unclehermit/quick-update-silver-consolidation-reaching-conclusion
Well it seems that silver is breaking the minor wedge and preparing to take on the major wedge which would be a major breakout.

One of the metals alone breaking out would be bullish enough, but both metals together, that's what I would call a decisive move.
We aren't quite there yet so hold onto your hats, the metals need to close above both breakout positions at the end of trading today to confirm the move, so keep your eye on them and hold your breath. You know how these things work!

For disclosure, I'm not a professional financial advisor and this is not investment advice, merely my own observations of the market and indexes, so do your own research.