PM Weekly Combo Chart Update…Step by Step , Inch by Inch

Slowly but surely the PM complex keeps inching its way up. So far the only PM index to breakout above its 2016 falling wedge is the $XGD.TO. The GDX and GDXJ look like they will be next to breakout of their 2016 falling wedge as they testing the top rail. SLV has completed its small double bottom and is now trading into its pink shaded support and resistance zone with GLD showing the most strength. Most are now trading back above their 30 week ema except for the $XAU which is currently trading right on its 30 week ema. SIL is trading just below its 30 week ema. So far the bulls are doing the right thing to keep the uptrend alive.