. . . for the PMs to break one way or another. All major support levels we've been looking at held last week.
The silver weekly chart fell below the "grey zone" early in the week, but (somewhat predictably) didn't close there:
|The linear chart of daily closing prices is probably the most interesting gold chart. The purple dotted line connects the two peaks of August/September. The $1635 level is now the new $1620, below which we're probably looking at a steep fall.|
|Also keep an eye on the gold-silver ratio, approaching long term resistance, having drawn a nice, sloping head and shoulders pattern|