By Przemyslaw Radomski
Will the recent week’s rally continue? Before we try to answer this question, we’ll examine the long-term charts of gold and silver to see if there’s anything on the horizon that could these precious metals higher or lower in the near future. We’ll start with the long-term chart of gold (charts courtesy by http://stockcharts.com).
Commentary: We’ve seen rallies off lows in June and October just fizzle out. Will this week’s rally ultimately have the same fate? This analysis says “yes,” and that it’s highly unlikely either gold or silver will go beyond technical resistance levels in the medium term.
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