– Gold and silver prices are trading weaker in midday dealings, with gold seeing some normal profit-taking pressure from recent good gains.
The stunningly rapid takeover of Afghanistan by the Taliban has left Americans stranded in the country and its own population running scared.
Also, the surging Covid delta virus is starting to impact major economies, including and especially China.
Next week’s annual Jackson Hole Fed symposium is likely to see clarification on the Fed’s monetary policy and the timing of any upcoming actions by the central bank.
Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00.
The next downside price objective for the bears is closing prices below solid support at the August low of $22.295.
The next downside price objective for the bears is closing prices below solid technical support at the June low of 409.40 cents.