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Gold And Silver Daily Forecast - 20 August 2018

Published 08/19/2018, 03:19 AM
Updated 07/09/2023, 06:31 AM

Gold & Silver

Gold outlook more positive for today as we hold above 1177/78. A break above 1184/85 meets strong resistance at 1188/90. Try shorts with stops above 1195. A break higher then targets 1198, 1200 & a selling opportunity at 1206/08.

First support at 1179/77 but below here meets minor support at 1172/71 before the low at 1160/59. A break below 1157/56 in the bear trend always possible targeting 1150/49 & 1145.

Silver struggles at resistance at 1475/77. Above 1485 allows a further recovery towards 1490/91 before a selling opportunity at 1500/04. Try shorts with stops above 1512.

Minor support at 1457/59 before the low at 1430. Further losses target 1420/18 & 1405/00.

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