Gold continues sideways, trading in a bull flag formation as we predicted for several weeks and this could go on for several weeks (unfortunately it is!). All last week we held the level of 1478/80 perfectly.
Silver longs at important support at 1655/50 are still working and the break above 1710/12 is another buy signal.
Gold remains in a sideways trend, in what I believe is a bull flag pattern. Holding the target of 1478/80 but above here look for 1485/86. A break above 1492 is an important medium-term buy signal.
Minor support at 1471/73 but below 1470 tests support at 1463/61. Below 1460 targets 1457/56. A break below 1454 targets 1450 and 1445.
Silver finally beats 1710/12 as expected for a buy signal targeting 1726/30, perhaps as far as minor resistance at 1740/45 this week.
Failure to hold above 1710/12 tests good support at 1695/90. Try longs with stops below 1680.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is neutral