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Gold And Silver Daily Forecast: July 19, 2018

Published 07/19/2018, 05:38 AM
Updated 07/09/2023, 06:31 AM

Gold & Silver

Gold breaks important support at 1238/33 for a very important longer term sell signal targeting 1225, 1220 (held yesterday) & support at 1216/15. This could hold the downside initially but longs are way too risky.

Gains are likely to be limited of course with first resistance at 1231/33. We could start selling a little here & add up to 1240/42, with stops above 1246.

Silver hit the next targets on the downside of 1563/60 & 1540/37 (we bottomed exactly here yesterday) as we look for 1515/10. Gains are likely to be limited with first resistance at 1556/59 then 1568/70 but look for a selling opportunity at 1582/84 with stops above 1590.

Latest comments

Thank you sir. All your predictions come true. Regards
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