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Analysis

Silver lower as predicted & hit all targets as far as 1405/00 last week

Gold & Silver Spot

Gold trades sideways & looks likely to continue to do so, so it is scalping opportunities only.Holding minor resistance again at 1200/02 targets 1195 & minor support at 1190/89. Below here targets 1183/81 & support at 1178/77.
Outlook fairly negative so gains are likely to be limited with minor resistance at 1200/02 then strong resistance at 1207/09. Shorts need stops above 1214.

Silver lower as predicted & hit all targets as far as 1405/00 last week. Further losses test the 2016/15 low at 1370/60.
We trade sideways as expected for 4 days to ease oversold conditions & face first resistance at 1431/35. We topped exactly here on the small bounce last week but try shorts at 1450/55 with stops above 1465.


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