Gold Approaching The Key $3,400 Resistance Level

GOLD

Gold reached a high of $3,399.70 today before short-sellers drove the price down to $3,388. Right now gold still has bullish sentiment, but moving above $3,400 is hitting resistances.

At 11am PT today, Gold is trading at $3,393 per ounce, up $12 on active volume.

SILVER

Silver is not showing the strength of gold, trading between $38.04 and $38.75 per ounce. When gold breaks above $3,400, silver should follow.

At 11am PT today, Silver is unchanged at $38.52 per ounce.