Yesterday's breakout in POG was a technical analysis (TA) validation of an expected trend that could pause around $2,450 in the next twelve months. If this breakout is further validated, investor sentiment will quickly shift back into commodities like metals and energy.
However, I am not an expert in TA and have serious doubts about its applications in selected stock issues in lesser-traded vehicles. For the big-time stuff (including gold and silver), I follow the opinions of others I respect, especially Garath Soloway at Been Verified Investing. https://www.youtube.com/@verifiedinvesting
TA on copper is looking good, too. Check here. https://www.economies.com/commodities/copper-analysis/copper-price-gets-the-positive-momentum-%E2%80%93-forecast-today-%E2%80%93-29-3-2024-107994
VP