Today one analyst revised gold target levels higher, and the silver market may surprise.

Gold Update
October 22 (King World News) – Graddhy out of Sweden:  “Thinking now when the beginning of the USD/DXY (US Dollar Index) drop towards my first target of 80 is only weeks away, it is starting to limit how deep gold can go for its ICL (Intermediate Cycle Low). Have therefore drawn new pink lines. The revised thin zone is dead below (see below).

Possible Gold Pullback Zone Revised Higher Based On Anticipated Dollar Decline

Silver Update
As said, silver broke the upper trend line, and this looks like a backtest and a rounded bottom. But, the more important thing is what gold does, so this BO (Break Out) for silver can maybe be a bull trap/FBO (Fake Break Out). And SILJ got rejected upwards while silver broke out. Watching gold. (See below).

Possible Fake Break Out In Silver
Regardless, Silver Headed Much Higher Over Time

Precious Metals Bull
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Today’s Trading
READ THIS NEXT! What You Need To Know About Today’s Trading CLICK HERE TO READ.

James Turk’s powerful audio interview has now been released where he discusses exactly what to look for in the gold and silver markets, mining shares, the coming crisis, the U.S. launching QE4 and much more, and you can listen to it immediately by clicking here or on the image below.

More articles to follow…

Look At What The Public Believes And I Just Hit An All-Time Record! CLICK HERE TO READ.

Here Is An Important Look At Gold, Silver And Crude Oil CLICK HERE TO READ.

Greyerz – The Destruction Of The World Economy Will Unleash More Global Panic And Market Crashes CLICK HERE TO READ.

WE ARE SOON ON OUR WAY: One Of The Most Important Updates For Gold & Silver CLICK HERE TO READ.

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