Precious Metals Year-To-Date Trading Ranges, And Stunning Decline in the Dollar Index

‘If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?’
Lewis Carroll, Through the Looking Glass
The Year-To-Date trading range in gold is particularly well-defined, from about 1200 to 1300.
Silver has a less well-defined range, with a secondary declining trend.
The Dollar has just done a swan dive as measured in the DX index.
I would suggest that a breakout in gold will be characterized by a sustained price move above 1300 that manages to hold its ground and advance to take out 1350.

This post was published at Jesses Crossroads Cafe on 01 AUGUST 2017.