Technical indicators go stable step-by-step. The price is already within the MA-channel. However, the range has still an abnormal incline. Growth potential for Gold decreases and the price may go down in the nearest future. The key level is 1312,00.
The Weekly chart shows the uptrend as the price is above the MA55. The probability to break through the 1350,00 resistance level decreased this week.
The Hourly chart shows the uptrend as the price is close to the MA55 level and the MA-channel goes upwards. If the price breaks through 1312,00, you may try to sell targeting 1300,00 or even lower.
Silver price is within the MA-channel already. However, this channel goes upwards in a very sharp manner and the price goes down slowly. There is a high probability to break through 17,60 targeting the 17,20/40 area.
The Weekly chart shows the uptrend as the price is above the MA55. It goes to the resistance level at 18,50.
As for the Hourly chart we may see here the uptrend as well as the MA-channel goes upwards and the price is close to the MA55. The breakthrough of 17,60 offers the opportunity for the price to target 17,40 and even lower.