Gold's Main Challenge For Bulls At 1325/27; Silver Tops At 1680/85
Jason Sen | May 14, 2018 02:04AM ET
Gold held strong resistance at 1325/27 which is the main challenge for bulls today of course. A break above 1329 however targets 1331 and 1333/35, perhaps as far as 1337/38.
Failure to beat 1325/27 targets 1320 andsupport at 1318/16. This could hold the downside but below here targets 1312, perhaps as far as a buying opportunity at 1308/06, with stops below 1300.
Silver topped exactly at our selling opportunity at 1680/85. Stop above 1690 today and with a break higher targeting 1706/08, perhaps as far as 1718/20.
Failure to beat 1680/85 targets 1670 (now hit) then 1655. On further losses look for minor support at 1635 then very important support at 1610/00. A break below 1595 is a sell signal targeting 1584/82, 1575/73 & 1562/57.
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