Today's important trade levels for Gold and Silver [Video]

Jason Sen DayTradeIdeas.co.uk

Silver

Silver hit strong resistance at 5990/6010 but unfortunately overran to 6090 before reversing.

I still think we could hold resistance at 5990/6020 today but shorts need stops above 6100 of course.

A break higher however then sees 6010/5990 act as support for a buy signal targeting 6180/6210 & even 6300 is possible on this move, for profit taking.

However if prices sink from 6000 look for a downside target of 5950, perhaps as far as 5900/5880 for profit taking.

Today’s trade ideas

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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