Gold looks a little over extended here for me. It is tempting to think that this breakout is the start of a new upleg but the indicators are not really showing the momentum.
Gold mth chart is above the kijun sen but I would ideally like to see the coppock curve cross up before I call this a sustainable trend.
Silver has been more realistic. It has pulled back and now had a small breakout. See how it goes.
I always say that you want to be looking at physical silver and gold stocks. Reason being that silver is under valued compared to gold and gold stocks can and do move exponentially more than the gold price.
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