Silver Spot holds our selling opportunity at 1718/20

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 15 January 201

Gold & Silver Spot

Gold outlook remains positive & above 1340 targets the gap at 1342/43 then 1249/50 & the 1357/58 high for 2017. How we meet more important 5 YEAR trend line resistance at 1363/65.
Downside is expected to be limited with first support at 1333/32 then a buying opportunity at 1328/26. Stop below 1322.

Silver Spot holds our selling opportunity at 1718/20 & bottoms exactly at strong support at 1690/85. These levels worked well for scalping opportunities. However a break below 1680 targets 1665/60 before a buying opportunity at 1627/22.
Key resistance again at 1718/20 of course - stops above 1735. A break higher however is expected eventually & WILL BE A VERY STRONG LONGER TERM BUY SIGNAL targeting 1745, 1765, 1785/95 & the September high at 1820.

Interested in Gold technicals? Check out the key levels

1. R3 1337.64
2. R2 1337.55
3. R1 1337.39
PP 1337.3
1. S1 1337.14
2. S2 1337.05
3. S3 1336.89

Author

Jason Sen

DayTradeIdeas.co.uk

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