A steadily weakening USD over the past several weeks has allowed gold to reach seven week highs today. The euro has continued its march higher in the face of increased skepticism that the Fed will raise interest rates. Gold has now traded higher for three consecutive days but has encountered steady offers at the previous high from August of $1,170, now a triple top of resistance. If gold can manage to break this area, next major resistance is at the 200 day moving average at $1,177, a level that gold has now been under since mid-May. After jumping up 10% in just three days a little over a week ago, silver has spent the last five trading days consolidating under the 200 day moving average at $16. Unless gold can make a big push higher, it appears that silver wants to test back lower again.