Gold Holds At 1291/90 For Bounce To 1297/96
Jason Sen | Mar 12, 2019 06:57AM ET
Gold holding 1291/90 for a bounce to 1297/96 before strong resistance at 1301/03. A break higher meets a selling opportunity at 1310/12 with stops above 1315.
Failure to key resistance at 1301/03 targets 1297/96 & 1291/90. On further losses look for 1286/85, perhaps as far as 1280/79. A buying opportunity at 1276/74, with stops below 1269.
Silver bounce from 1505/00 on the way to first resistance at 1545/50 as I write. Gains are likely to be limited but above here targets a selling opportunity at 1560/65, with stops above 1570.
First support at 1515 (held perfectly yesterday) with strong support at 1505/00, stops below 1495. A break lower is a sell signal targeting 1490 and 1475.
/h3
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