February 11, 2021 - (Gold Market Wire) - The CPI news has faded out of the market mind and Gold is back under $1850 again. News related rallies never last. Our market leader, Silver, has held better than Gold and is now bumping along resistance. The chart lays out the challenge, which is targeted by the resistance at $27.32.

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Update 4:15 a.m. EST: Zoom in as we approach:

As it stands right now, the Precious Metals complex is hanging tough, but is in need of a surge to get to the next level. The obvious candidate would be a weaker US Dollar, but that's not in the offing. In fact, the Dollar's retracement lower, after its recent rally, is starting to stall out. The rising trend line is offering a resistance point (albeit arising one) but we can't fail to notice that the 100-day and 50-day moving averages have created the recent boundaries accurately. That could mean another attempt by the Dollar to move higher.

Horizontal resistance, as we pointed out earlier, comes in at 1.2150. All in all, its a quiet place for the metals. The oil complex, remains very strong, taking on some 20% since the start of the year, alongside a rising US Dollar. Impressive stuff, indeed:

An increased focus on energy prices is now warrented, along with agriculture, which will set the tone for the commodity complex - precious metals included.