Gold and silver prices shot up at the end of last week after some initial bearish continuation signals. These metals are likely in a medium-term consolidation. We might expect some more consolidation/correction this week, but we should anticipate sellers on the rallies. After a low on the year at 1130, gold rebounded. After the first swing, price held below 1180, respecting a previous support. Then after a triangle pattern, price started to signal bearish continuation but was quickly reversed but a strong rally that pushed past 1180 and cracked the 1190 handle. Price also broke above a falling speedline from ... (full story)