Breaking News
0

Gold Likely To Hold Above 1311/13 In The Short Term

By Jason SenCommoditiesFeb 10, 2019 03:04AM ET
www.investing.com/analysis/gold--silver--daily-forecast--11-february-2019-200386055
Gold Likely To Hold Above 1311/13 In The Short Term
By Jason Sen   |  Feb 10, 2019 03:04AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Gold - Silver Daily Forecast - 11 February 2019

Gold _ Silver
Gold _ Silver

Gold looks likely to hold above 1311/13 for a short term buy signal targeting 1319, 1323 and a selling opportunity at 1324/26. Below 1311 tests trend line support at 1308/07 which could hold the downside. However further losses target the best support of the day at 1301/1299. Try longs with stops below 1297.

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 and support at 1530/28.

Holding 1563/60 targets 1573 then quite strong resistance at 1583/86 for profit taking. (We topped exactly here). Could be worth trying shorts with stops above 1593. A break higher targets 1600 before a selling opportunity at 1618/22.

Gold Likely To Hold Above 1311/13 In The Short Term
 
Gold Likely To Hold Above 1311/13 In The Short Term

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
febry wahab tawakkal
febry wahab tawakkal Feb 10, 2019 9:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
there some base on level 1295 but close yesterday seems like signal that gold wait trigger for the next wave..
Reply
0 0
bound bounds
bound bounds Feb 10, 2019 5:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sr. but levels of support and resists are on your drawing in bad places, probably because of this  you can not see that max is on level 1235-6 / future price /
Reply
0 0
bound bounds
bound bounds Feb 10, 2019 5:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
1335-6 sr
Reply
0 0
bound bounds
bound bounds Feb 10, 2019 5:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
yes gold is in safe zone 1297-1335-6 but .goes up, will create February ATH ar. 1335-6 / future price /, from here or ar. 15.02 or next week ar 20.02 will begin to fall. Monthly February low is ar. 1257 / future price / all G. L
Reply
0 0
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email