Gold And Silver Holding Resistance
Jason Sen | Oct 28, 2020 05:04AM ET
Gold holding resistance at 1904/08 risks a slide to 1899 then 1896/95. Further losses target 1890 before support at the 100 day moving average at 1882/80.
First resistance at 1904/08 a break above 1912 initially targets 1917/18. Above 1920 allows a recovery to 1925 & strong resistance at 1930/32.
Silver holding strong resistance at 2440/50 initially targets 2420/10. A break lower targets 2405/00 then 2360/50. On further losses look for 2310/00.
Shorts at 2440/50 stop above 2470. A break higher is buy signal targeting 2510/20. A break above 2530 is another buy signal.
h2 Trends/h2- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
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