The story has not changed much with Gold, Silver and Platinum trying to break through the key barriers of resistance. For the past few days, they have all attempted to breakout but have failed. The closest to charging higher is Platinum which is slightly above the key resistance levels this morning.

Golds barrier is 1900, Silver 26.75 and Platinum 1090. This is not bad news; these patterns increase the odds for an acceleration to the upside. If you look at the Grain markets, metals could have the same response which is to explode higher making multi year highs.

Always remember all charts are the same with the markets going through different phases. We expect the metals to have a huge upside move in 2021, however there are no guarantees, and we could see a shift and reverse.

When trading, remember, we are only concerned with what the charts tell us. Opinions and news have no bearing. Happy Healthy Prosperous New Year!

Todd Horwitz Chief Strategist
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