Gold meets minor support at the November low at 1850/49

Jason Sen DayTradeIdeas.co.uk

Gold – Silver

Gold Spot dipped from 1886/84 & through minor support at 1879/75 for 1868/66 & the next target of 1860/58.

Silver Spot broke best support at 2535/25 for a sell signal targeting 2390/85.

Daily Analysis

Gold meets minor support at the November low at 1850/49. A break below support at the September low at 1848/47 is a sell signal initially targeting 1835.

First resistance at 1863/65. A break higher however targets 1872/74 then a selling opportunity at 1882/84, with stops above 1890.

Silver holding first resistance at 2525/35 is a sell signal targeting 2390/85 & perhaps as far as last week's low at 2360/55. Further losses target 2325/20.

First resistance at 2425/35. Try shorts at 2450/55 with stops above 2460.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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