Gold has moved above its most recent pivots confirming the bear trap which implies a short squeeze that will pick up a following of good buying. The 1220 area should not provide much resistance; next stop should be new highs.
Silver sill follow suit. It is coiled up like a spring in its bar chart plus the market condition indicators point to a high rate of change break out. While these indictors are not direction biased, gold is already in a new short term up trend, we think the break in Silver will be to the high side.
