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.
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.