Silver hit the next targets on the downside of 1563/60 & 1540/37

Jason Sen DayTradeIdeas.co.uk

Gold & Silver Spot

Gold breaks important support at 1238/33 for a very important longer term sell signal targeting 1225, 1220 (held yesterday) & support at 1216/15. This could hold the downside initially but longs are way too risky.
Gains are likely to be limited of course with first resistance at 1231/33. We could start selling a little here & add up to 1240/42, with stops above 1246.

Silver hit the next targets on the downside of 1563/60 & 1540/37 (we bottomed exactly here yesterday) as we look for 1515/10.
Gains are likely to be limited with first resistance at 1556/59 then 1568/70 but look for a selling opportunity at 1582/84 with stops above 1590.

Author

Jason Sen

DayTradeIdeas.co.uk

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