Gold holding strong resistance at 1940/45
|Gold _ Silver
Gold Spot selling opportunity at strong resistance at 1940/45.
Silver Spot manages a recovery to strong resistance at 2630/40 & topped exactly here.
Daily Analysis
Gold holding strong resistance at 1940/45 targets 1930 & minor support at 1915/12 (hit). On further losses look for 1895/90 then the best buying opportunity of the day at 1865/55. Buy with stops below 1845. An unexpected break lower targets 1835/30.
We topped exactly at strong resistance at 1940/45 yesterday. Sell here today. Shorts need stops above 1950. A break higher targets 1965/70.
Silver topped exactly at strong resistance at 2630/40. Shorts need stops above 2670. A break higher targets strong resistance at 2710/20. Stop above 2740.
Minor support at 2500/2490 but below here targets 2425 with strong support at 2400 /2390. Longs need stops below 2350. If we continue lower I'm expecting an excellent buying opportunity at 2290/80, with stops below 2260.
Trends
| Weekly Outlook | Positive |
| Daily Outlook | Positive |
| Short Term Outlook | Neutral |
Chart
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