Gold Breaks Below $1,320 Support Level

GOLD

The Gold price has broken down below the $1,320 per ounce support level. I believe this is just temporary, but I need to watch the trading volume. Chairman Powell continues to talk to Congress and clearly state his dovish monetary policy. At 11am PT today, Gold is trading at $1,318, down $9.50 per ounce on average volume.

SILVER

Silver reached a low of $15.65 per ounce in late trading, as Gold dropped below support level. At 11am PT today, Silver is down $0.21 per ounce, trading at $15.69 on light volume