Gold and Silver Poised for Breakout Rally After Multi-Year Bases
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Gold and silver look ready to break out higher after building large bases over the past 3 years. Gold poised to take out key $2,050 resistance level.
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Inflation data and sharp drop in dollar index suggest dollar uptrend is over. This catalyst can drive precious metals higher.
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Gold reversal from false breakdown and 3-year base buildup shows potential for explosive move. Eyeing test of $2,050 resistance.
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Silver lagging gold but also seeing bullish reversal from false breakdown. Could see catch-up rally to $30.
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In precious metals bull markets, silver typically outperforms gold. Prefer silver via SLV ETF which is liquid and tracks spot price closely.