GOLD
Gold prices are still around its all time highs for the second day in a row, not able to breach the 936$ level, yet the short orders are not good enough to create a correctional move, and it looks like that new levels might be achieved with the continuing turbulence in the global economy.
The trading range for today will be between the key resistance at 950.00 and the key support at 850.00.
The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000.
| Support | 925.5 | 922.06 | 919.28 | 915.58 | 912.81 |
| Resistance | 930.50 | 933.75 | 936.00 | 938.65 | 941.30 |
Recommendation | ... | ||||
SILVER
Silver prices continued its strong bullish wave reaching yesterday to a new al time high reaching $17 per ounce, and it looks like it still has enough momentum to stimulate more upside movements, yet it has to stay above $16.78 level all over again.
The trading range for today will be between the key resistance at 17.20 and the key support at 16.20.
The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80.
| Support | 16.78 | 16.69 | 16.55 | 16.42 | 16.35 |
| Resistance | 16.98 | 17.02 | 17.15 | 17.35 | 17.44 |
Recommendation | ... | ||||