Gold's consolidation above 875 give potential for the upside correction to continue as we expect for gold to test the psychological 900 levels in the upcoming period as daily momentum indicators support the view as well.
The trading range for today might extend among the resistance level at 932.05 and the support level at 863.85; while the general trend remains to the upside targeting 983.00 and 1016.00 as long as 730.00 remains intact.
| Support | 881.10 | 880.20 | 875.20 | 872.70 | 865.50 |
| Resistance | 893.90 | 900.00 | 902.40 | 903.60 | 908.30 |
| Recommendation | ... | ||||
silver
The upside was seen yesterday as trading continued above 16.00 and for that we expect the upside to continue over the short-term; the medium-term trend is still sideways that started since March and we expect it to prevail.
The trading range for today might extend among the resistance level at 17.25 and the support level at 15.82; while the general trend remains to the upside targeting 20.90 as long as 14.50 remains intact.
| Support | 16.40 | 16.30 | 16.20 | 16.07 | 15.87 |
| Resistance | 16.83 | 16.93 | 17.06 | 17.25 | 17.80 |
| Recommendation | .. | ||||