Gold Spot dips from resistance at 1831/33 to hold first support at 1818/16.
Silver Spot l holds strong resistance at 2487/94.
WTI Crude OCTOBER longs at best support at 6860/40 are working so far.
We made it half way to the upper target then reversed to first support at 6965/35.
Today’s Analysis
Gold only resistance of importance this week is at 1831/33. Shorts need stops above 1836. A break higher is a buy signal targeting 1841/43, 1851, 1855 and perhaps as far as 1860/62.
Any shorts at 1831/33 target first support at 1818/16 for profit taking. Strong support at 1814/11. Longs need stops below 1808.
Silver topped exactly at strong resistance at 2487/94. Shorts need stops above 2505.
A break higher is a buy signal targeting 2520/25 and 2555/65.
Shorts at strong resistance at 2487/94 target 2455/50. Strong support at 2535/25. Longs need stops below 2415.
WTI Crude first support at 6965/35. Longs need stops below 6900. Best support at 6860/40. Longs need stops below 6780.
2 month trend line resistance at 7020/40. Shorts need stops above 7065. A break higher targets 7085/90 and 7120/40.
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