Weekly chart looks promising. The MA of 50 and 200 weeks have crossed for first time since 2005 (beginning of my chart) and they are heading away from each other a little less than 30 degrees. Could turn into a failed reversal, but something to keep an eye on. If this an upward trend starting it could be a steep climb up the chart. Who knows with precious metals...
It looks like strong rising support and weaking resistance has formed a bull pennant. If the trend holds and gets above the flag pole this could be continuation of the strong previous trend. This could be a great opportunity for longs. Good luck everyone.
