We have retested the daily and 4H resistance of $1960 after breaking through on high CPI numbers this morning. The RSI has held the trend line and bounced nicely. If $1960 can hold we look to be on the way to testing the $2050 area again and, hopefully, then to new highs.
Gold seems to have caught support over the $1916 level. If it can reclaim the $1960 area and hold, I don't see why it doesn't revisit ATH over the next few weeks.
Silver has 3 tapped 4 hour support and bounced. RSI rising through consolidation. Inflation headwinds will persist despite equities resistance near term.
