This post is a short update to earlier articles published over the last 6 months on Gold and Silver. The technical breakouts being stalked on a number of charts in those posts have broken out and the charts are updated below. The cluster of breakouts over both Gold, Silver and their stocks and ETFs make me wonder if 2020 might be shaping up to be a great year for these commodities.

Gold articles: earlier articles on Gold and Gold stocks can be found here, here and here.

Silver articles: earlier articles on Silver and Silver stocks can be found here, here and here.

Gold: Charts Update:

XAUUSD daily: this Bull Flag was shaping up for over 4 months but now looks to have broken to the upside. The breakout was from about $1,480 making the target as $1,780.  (NB: I measure the Bull Flag breakout from the level at the top of the Flag. Some analysts measure the breakout from the bottom of the Flag):

ABX daily: This Bull Flag breakout is under way and the breakout was from the $22.50 region making the target for this move as $32.50:

GDX daily: This Bull Flag breakout is under way and the breakout was from the $27 region making the target for this move as $38:

GLD daily: This Bull Flag breakout is under way and the breakout was from the $140 region making the target for this move as $164:

NG daily: This Bull Flag breakout is under way and the breakout was from the $7 region making the target for this move as $11:

RGLD daily: This Bull Flag breakout is under way and the breakout was from the $119 region making the target for this move as $176:

Silver: Chart Update:

XAGUSD daily: watch for any push to the $20 S/R level after this triangle breakout:

SLV daily: This Bull Flag breakout is under way and the breakout was from the $16 region but the target for this move is $20 as this is strong previous S/R:

NCM daily: This Descending Wedge breakout is under way and the target for this move is $35 as this is previous S/R and near the daily 61.8% fib:

AG daily: This Bull Flag breakout is under way and the breakout was from the $11.50 region making the target for this move as $17.50: