'I'm Impressed by Gold and Silver Right Now' - Jim Wyckoff
Although gold prices ended the U.S. day session slightly lower Wednesday, Jim Wyckoff, senior technical analyst for Kitco Metals, said he is still very 'impressed' by the metal’s run. "Gold and silver markets saw normal, mild corrective pullbacks on the charts following recent good gains that saw gold hit a four-week high and silver hit a three-week high this week," he said. Wyckoff explained that technically, April gold futures closed near the session high today. "The gold bulls still have the slight overall near-term technical advantage," he said, adding that the gold bulls' next upside near-term price breakout target is to produce a close above solid technical resistance at $1,275. (show less)
Although gold prices ended the U.S. day session slightly lower Wednesday, Jim Wyckoff, senior technical analyst for Kitco Metals, said he is still very 'impressed' by the metal’s run. "Gold and silver markets saw normal, mild corrective pullbacks on the charts following recent good gains that saw gold hit a four-week high and silver hit a three-week high this week," he said. Wyckoff explained that technically, April gold futures closed near the session high today. ... (read more)
Technically Speaking
Kitco’s Senior Analyst Jim Wyckoff has his charts come to life every Thursday on Technically Speaking. From key price targets to his weekly market rating for gold & silver, viewers really get a chance to understand how the technicals are impacted by the headlines. Will gold get a passing grade this week? Watch to find out!Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
