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Gold/Silver Daily Forecast: Gold Best Support Of The Day At 1300/1298

By Jason SenCommoditiesFeb 08, 2019 07:06AM ET
www.investing.com/analysis/gold--silver--daily-forecast--08-february-2019-200385607
Gold/Silver Daily Forecast: Gold Best Support Of The Day At 1300/1298
By Jason Sen   |  Feb 08, 2019 07:06AM ET
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Gold _ Silver
Gold _ Silver

Gold holding resistance at 1311/13 re-targets 1302 with the best support of the day at 1300/1298. Try shorts at 1311/13 with stops above 1315. A break higher is a buy signal targeting 1319, 1323 & a selling opportunity at 1324/26.

Silver holding support at 1563/60. This is the only level to risk a long (and it is working), with stops below 1555. A break lower targets 1542/40 & support at 1530/28.

Holding 1563/60 targets 1573 (we topped exactly here) then quite strong resistance at 1583/86 for profit taking. Could be worth trying shorts with stops above 1593.

Gold/Silver Daily Forecast: Gold Best Support Of The Day At 1300/1298
 
Gold/Silver Daily Forecast: Gold Best Support Of The Day At 1300/1298

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