Gold And Silver Daily Forecast: August 16, 2018
Jason Sen | Aug 16, 2018 01:08AM ET
Gold break below below 1200 was our sell signal targeting 1190, 1188/87, 1180, 1172/71, 1166/65 & all have been hit. This more than makes up for the losses on the failed long positions above 1200. Outlook remains negative & further losses target 1157/56, 1150/49 & 1145.
Gold is in free fall as I write. First resistance at 1172/73 then 1178/79.
Silver shorts are working perfectly & if you are short from below 1510 you are looking at 75 points profit already this week. Further losses target 1420/18 & 1405/00.
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