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Oversold Bounce Coming in Gold, Silver & Miners - Video

Author, CMT, and Editor @ The Daily Gold
August 21, 2023

Significant technical damage has been inflicted upon Gold, Silver and the miners, leaving them vulnerable to further selling over the coming weeks.

However, they are very oversold on a very short-term basis and odds favor a rebound next week. GDXJ and SILJ formed bullish hammers. Silver outperformed Gold in recent days. Silver and Gold are trading close to important support. Look for a bounce next week.

The Daily Gold

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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premiuma publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.


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