Gold, silver pull back on routine downside corrections

trading Thursday, on normal corrective pullbacks and some chart consolidation after recent gains that saw both metals hit multi-week highs on Wednesday.

The safe-haven metals so far are not paying much attention to a Russian troop build-up near the  Russia-Ukraine border.

Technically, June gold futures bulls still have the overall near-term technical advantage as prices are in an uptrend on the daily bar chart.

The next downside price objective for the bears is closing prices below solid support at last week’s low of $24.68.

Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at the February high of 437.55 cents.

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