Gold Bulls Need Break Above 1508 For Buy Signal Targeting 1510
Jason Sen | Oct 20, 2019 12:18AM ET
h3 Gold And Silver Spot Daily Forecast - October 21, 2019/h3
Gold minor resistance at 1493/94 and strong resistance at 1499/1502. Bulls need a break above 1508 for an important buy signal targeting 1510 and minor resistance at 1518/19. Eventually, we should beat 1520 for 1523/24 and 1528/29.
Very minor support at 1488/87 but below 1485 targets 1482/81 and 1477 before weak support at 1473/71. A break lower targets 1468 and strong support at 1464/62.
Silver key resistance at 1750/60 today. Shorts need stops above 1770. A break higher is a buy signal targeting 1790, 1800, perhaps as far as 1830/32 and 1855/60 into next week.
Shorts at 1750/60 target minor support at 1734/30 and 1710/00. A break below 1695 targets 1685 and 1680/78. Below 1675 look for 1657/55 and perhaps as far as support at 1634/30.
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