Gold and silver likely to break out

Thanks to falling yields, precious metals are looking constructive again.

Gold has rebounded after testing the $1810 support level for the past two days and it looks poised to break its bearish trend line around $1825/30 as it continues to make bullish price action beneath it:

Gold
Source: TradingCandles.com and TradingView.com

Silver has already broken from its falling wedge pattern:

Silver
Source: TradingCandles.com and TradingView.com

The path of least resistance is clearly to the upside for both metals. Look to buy the dips.

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