Gold and silver – the big chop

Gold, Silver and Platinum traders are experiencing the big chop, which means they are churning between two levels trying to breakout.

This morning all three are higher, can the rally hold? No one knows that answer with 100% certainty, but we would say the answer is no based on the pattern.

With the prevailing trend lower, this price action is a rest stop before a continuation of the downtrend.

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