Gold _ Silver Spot

Gold first support at 1424/21. A break below 1420 targets 1415/14 & strong support at 1410/08. Longs need stops below 1405. Holding first support at 1424/21 targets 1430 & 1435/38. A break above 1440 can retest the 1451/52 high. Unlikely but a break higher targets 1458/59, 1462 & resistance at 1466/67. If we continue higher look for 1473/74 & 1482/84.

Silver minor resistance at 1636/38 & 1645/47. Gains are likely to be limited but above here retests 1657/59. A break above 1665 however targets 1671/73 & 1683/84.
Minor support at 1625/23 & 1616/14 with best support at 1605/01. Try longs with stops below 1595. A break lower risks a slide to strong support at 1575/70.


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.

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