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Gold And Silver Daily Forecast - 15 October 2018

Published 10/14/2018, 03:00 AM
Updated 07/09/2023, 06:31 AM

Gold & Silver

Gold sees profit taking to 1218/17 as predicted & the downside is expected to be limited but try longs at 1212/10 with stops below 1206.

Holding 1217 targets 1221/22 & eventually the 100 day moving average at 1227/28. We should struggle but a break higher targets the 200 week moving average at 1235/36. A good chance of a high for the week!

Silver holding above 1451/53 meets a selling opportunity at 1470/75. Stop above 1485. A break higher targets 1520/25. Below 1450 targets 1420/1415 before the September low at 1397/90.

Latest comments

That's because it never goes up and I have been correct in my calls!!
Thanks for your response, I mean even back when silver traded at 16s 17s and 18s I don't recall seeing any buy calls from your end , only sells , anyway there were few good calls from your end , others not so accurate
As an example 3 of your calls to short silver in September/ October all were stopped at your SL levels( 14.65 and 14.85 ) ,
as to your statement "it never goes up" its what i meant by somewhat biased .. it bounced from 13.91 to 14.95 that's a whopping 7.5 % ! A counter trend buy call with trailing SL is usually the better trade from oversold conditions
You seem quite biased when it comes to silver ,, never seen a buy call from your side even when technicals turn positive..
Looks like I have been correct then! Silver has been in a bear market for a long time.
I am seller at 14.58 holding what to do
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