As the santa claus rally takes the major indexes toward record highs as well as low Vix, gold and silver are in an expected retreat. The Dragon has formed a perfect Dragon's eye formation into neutral territory. Look for consolidation around the pitchfork median lines (red and green dotted lines until a new trend is formed. Downside risk should be placed at $15 (support) and upside target at $20 (resistance). There will be plenty of opportunities to trade the precious metals in the coming year, no doubt. Happy holidays and good trading.