Silver topped just below our selling opportunity at 1532/35 with stops above 1540

Jason Sen DayTradeIdeas.co.uk

Gold _ Silver Spot

Gold topped exactly at my selling opportunity at 1301/03 with stops above 1305. A break higher targets 1308/90.
Minor support at 1294/92 but below here risks a retest of important support at 1284/82. Longs need stops below 1279. A break lower targets less important 500 day & 100 week moving average support at 1275/73. A break below 1270 is an important longer term sell signal.

Silver topped just below our selling opportunity at 1532/35 with stops above 1540.
Holding below 1530 risks a slide to 1520. Below here targets 1505 then the March/April low at 1496/88. A break lower targets 1485, 1475/72 perhaps as far as 1465.

Author

Jason Sen

DayTradeIdeas.co.uk

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