Gold and Silver After CPI: The Technical Setup Traders Should Watch
Gold and silver came under heavy pressure following the inflation surprise, but a large selloff does not automatically create a good entry.
This video looks at the technical structures developing in both metals and explains why confirmation matters before attempting to buy a reversal.
It also covers why Treasury yields and the US dollar remain two of the strongest macro drivers for precious metals.
Covered in this video:
Silver's sharp CPI-driven decline
Important technical support
Why confirmation matters before buying
Gold's weekly reversal structure
Why yields and USD matter for precious metals