Gold still in a 2 month sideways trend

Jason Sen DayTradeIdeas.co.uk

Gold & Silver Spot

Gold still in a 2 month sideways trend as we bounce back to resistance at 1194/95. Again this is key to direction. A break higher targets 1197/98 & 1200/01 before important resistance at 1206/08. We know all about this level!!
Failure to beat resistance at 1194/95 tests minor support at 1188/87 then 1184/83. Further losses meet the September low at 1180. A break lower targets 1176.75 & 1172/71.

Silver holding below 1420 targets 1415 before the September low at 1397/90.
Minor resistance at 1440 & 1451/53 before a selling opportunity at 1470/75. Stop above 1485.

Author

Jason Sen

DayTradeIdeas.co.uk

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