GOLD
Gold retested the upside strong resistance at 880.50s yesterday but failed to breach it. Nevertheless, gold might tend to move higher today in an attempt to break it as both the technical oscillators and technical direction indicators signified.
The trading range for today will be between the key resistance at 890.00 and the key support at 850.00.
The general trend is up as far as 715.00 remains intact targets now at 900.00 and 970.00.
| Support | 878.45 | 876.10 | 872.75 | 869.20 | 866.70 |
| Resistance | 881.35 | 885.75 | 887.00 | 890.00 | 895.45 |
Recommendation | ... | ||||
SILVER
Silver rose yesterday in a very strong pattern after the correction witnessed two days ago, which was to gather momentum to reverse to the upside resistance holding huge buying orders, setting silver at the peak as the key resistance level at 15.70s. Today we expect the silver to progress to the upside.
The trading range for today will be between the key resistance at 16.20 and the key support at 15.00.
The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80.
| Support | 15.56 | 15.35 | 15.16 | 15.07 | 14.77 |
| Resistance | 15.78 | 16.56 | 16.78 | 17.04 | 17.12 |
Recommendation | ... | ||||