Gold And Silver Daily Forecast - 15 August 2018
Jason Sen | Aug 15, 2018 01:55AM ET
Gold break below 1195 and kills the bull signal from the mega important 13 year bull trend line. Holding below 1200 acts as a sell signal targeting 1190, 1188/87, 1180, 1172/71, 1166/65 and more.
First resistance at 1201/02 should hold a rally with bears in control. However on further gains look for a selling opportunity at 1208/09, with stops above 1214.
Silver holding below the 1516/13 July low is an important sell signal targeting 1486 and 1475.
Minor resistance at 1508/09 (held yesterday) then 1517/18 more of a challenge. If we continue higher look for a selling opportunity at 1530/32 with stops above 1540.
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