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

GoldSilver

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