Gold _ Silver Spot

Gold held support at 1291/90 but below here targets 1286/85, perhaps as far as important head & shoulders neck line support at 1281/80. Sell a little if it looks like we will see a weekly close below here & add to shorts on a break below 1271.
Minor resistance at 1300/02 but above 1304 allows a recovery to 1305 & 1308 before another selling opportunity at 1310/11 with stops above 1314.

Silver first support at 1515 with strong support at 1505/00, stops below 1495. A break lower is a sell signal targeting 1490 & 1475.
First resistance at 1545/50 & our selling opportunity at 1560/65, with stops above 1570.

gold

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

EUR/USD: Bulls need an upbeat German IFO Expectations figure

EUR/USD dips as lingering US-China tensions bode well for the US dollar. Technical indicators suggest scope for a re-test of the lower end of the multi-week trading range. Deeper losses may remain elusive if the German IFO numbers beat estimates. 

EUR/USD News

GBP/USD retraces three-day losses below 1.2200 on UK/US holiday

GBP/USD sellers catch a breather amid a lack of major catalysts on Spring Bank Holiday. UK PM Johnson gets criticized while favoring Adviser Dominic Cummings. US-China tussle intensifies with eyes on US President Trump’s reaction over the Hong Kong issue.

GBP/USD News

Is this the beginning of the end for Hong Kong's autonomy?

On Friday, the Chinese Communist Party unveiled details of a plan to impose national security laws on Hong Kong. The true colors of the authoritarian regime in China are at full display to the rest of the world.

Read more

Gold down by $6 in Asia, weekly chart shows bullish trend exhaustion

Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitude. Technical charts indicate scope for deeper declines in the short-term.

Gold News

USD/JPY keeps mild gains above previous resistance line, 200-HMA

USD/JPY bounces off an immediate support line to print a three-day winning streak. Thursday’s high appears on the bulls’ radar as immediate resistance. 107.00 could lure the bears below 200-HMA.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures