Gold is trading in a bull flag formation but while holding within the midpoint of this flag, as we are now, this offers little trading opportunities.
Silver collapsed to important support at 1655/50 and bottomed exactly here so obviously this is key to the direction again today.
Gold minor resistance at 1464/65 then stronger resistance at 1472/74. Shorts need stops above 1477. A break higher targets 1481/82 then a selling opportunity at 1488/90 with stops above 1492. A break higher is an important medium term buy signal.
First support at 1457/55. A break below 1453 targets 1450 and 1445.
Silver has important support at 1655/50. A break below 1630 is a sell signal targeting 1610 and 1590/85.
Longs at important support at 1655/50 target 1675/80 and strong resistance at 1693/96. A break above 1700 targets strong resistance at 1726/30.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is neutral