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Gold And Silver Outlook Neutral

Published 02/04/2021, 04:36 AM
Updated 07/09/2023, 06:31 AM

Gold breaks 2 week range support at 1832/30 for 1820/17 before a retest of support at the January low at 1812/10.

First resistance at 1830/32 today of course but above here allows a recovery to 1840, perhaps as far as resistance at 1845/48. Shorts need stops above 1852.

Silver buying opportunity at 2610/2590 with stops below 2570. A break lower risks a slide to 2550 and 2500.

First resistance at 2710/20 but above here targets 2770. Strong resistance at 2810/15. However if we continue higher look for 2855/60.

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

XAU Chart

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