GOLD
Gold declined massively after the huge sell-off as it dragged the metal down to successfully breach the significant support level at 980.00 to reach down until the major support at 930.00. Today, gold is expected to move in the downside direction as well.
The trading range for today will be between the key resistance at 980.00 and the key support at 900.00.
The general trend is up as far as 810.00 remains intact targets now at 1080.00 and 1170.00.
| Support | 940.20 | 938.65 | 9.5.40 | 932.80 | 928.85 |
| Resistance | 947.10 | 949.90 | 953.00 | 956.70 | 959.75 |
Recommendation | ... | ||||
SILVER
Silver rallied in the bearish direction yesterday with huge levels of volume to let silver breach the major level at 19.20 which in return took silver down as far as the support at 18.20. Due to this move, silver is expected to move in the bearish pattern for today.
The trading range for today will be between the key resistance at 19.20 and the key support at 17.60.
The general trend is up as far as 13.20 remains intact targets now at 22.00 and 25.00.
| Support | 18.14 | 18.00 | 17.95 | 17.67 | 17.40 |
| Resistance | 18.50 | 18.75 | 19.00 | 19.20 | 19.44 |
Recommendation | ... | ||||