The greenback bulls have momentum and the overall near-term technical advantage amid a fledgling price uptrend on the daily chart. Technically, April gold futures bulls have the overall near-term technical advantage. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,250.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at $1,210.00. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $18.50 an ounce.
Source: Forbes February 22, 2017 13:30 UTC