gold
Gold returned to trand between the critical correction levels between 890.60 and 860.90 despite trading several times above the latter level. The 900 level is still a psychological level that pressures the metal to the downside. We are now in a downside trend on the intraday basis yet the short term trend is still to the upside where trading above the 890 level will result in further gains to attempt to breach the psychological level at $900 per ounce.
The trading range for today is among the key support at 850.75 and the key resistance at 918.30
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00
| Support | 879.50 | 870.95 | 861.90 | 860.90 | 850.75 |
| Resistance | 890.60 | 898.40 | 904.85 | 908.60 | 918.30 |
| Recommendation | ... | ||||
silver
The metal is undergoing a sideways correction with tendency to the downside where we expect to see an attempt to retest th 13.90 - 13.95 level for today.
The trading range for today is among the key support at 12.50 and the key resistance at 14.10.
The general trend is to the downside as far as 18.30 remains intact with targets at 12.50 and 10.50
| Support | 13.10 | 13.00 | 12.90 | 12.75 | 12.50 |
| Resistance | 13.55 | 13.85 | 13.90 | 14.10 | 14.20 |
| Recommendation | ... | ||||