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Gold prices is still in a neutral area as it did not confirm any movement above 874.00 or below 845.00 yet the technical indicators today are pointing higher as the metal seems to be oversold and has gathered some momentum towards the upside.
The trading range is among the key support level at 845.00 and the key resistance level at 890.00.
The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.
Support | 862.10 | 857.60 | 854.50 | 851.00 | 847.90 |
Resistance | 869.20 | 871.20 | 874.10 | 877.40 | 879.60 |
Recommendation | … |
Silver remains bullish but not very far from breaking the risk limit for this scenario, which lies at 16.46 and we need to see a climb above 16.70 in order to confirm the bullish scenario, worth mentioning that technical indicators supports the upside movement for today.
The trading range is among the key support level at 16.65 and the key resistance level at 17.20.
The general trend is to the upside as far as 13.20 remains intact, with targets at 22.00 and 25.00.
Support | 16.46 | 16.40 | 16.21 | 16.03 | 15.99 |
Resistance | 16.70 | 16.95 | 17.02 | 17.35 | 17.42 |
Recommendation | Buy Silver above 16.45 with a target at 17.10 and a stop loss below 16.30 |
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In this PDF you will find the latest technical analysis published by Avantage Financial
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