Gold And Silver Daily Forecast - 20 August 2018
Jason Sen | Aug 19, 2018 03:19AM ET
Gold outlook more positive for today as we hold above 1177/78. A break above 1184/85 meets strong resistance at 1188/90. Try shorts with stops above 1195. A break higher then targets 1198, 1200 & a selling opportunity at 1206/08.
First support at 1179/77 but below here meets minor support at 1172/71 before the low at 1160/59. A break below 1157/56 in the bear trend always possible targeting 1150/49 & 1145.
Silver struggles at resistance at 1475/77. Above 1485 allows a further recovery towards 1490/91 before a selling opportunity at 1500/04. Try shorts with stops above 1512.
Minor support at 1457/59 before the low at 1430. Further losses target 1420/18 & 1405/00.
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