Gold And Silver Face Resistance

Published 04/01/2022, 12:14 AM
Updated 07/09/2023, 06:31 AM

Gold closed the quarter at a new all-time high. On a monthly basis, gold closed above $1900 resistance but still faces resistance around $1990-$2000, which will become the most important resistance level on a long-term chart basis.

The quarterly and monthly charts for silver continue to show significant resistance at $27-$28. Silver may not clear that resistance until gold first breaks past $2,100.

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