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Gold&Silver Spot Daily Forecast For June 7, 2019

Published 06/07/2019, 05:58 AM
Updated 07/09/2023, 06:31 AM

Gold Silver Spot Chart

Gold holding first support at the Monday/Tuesday high of 1329/28 to keep the outlook positive. Longs need stops below 1324.

Next target & buying opportunity at 1319/17, with stops below 1315.

Holding 1329/28 allows a recovery to 1332/33 & 1336/37 (hit yesterday) before a retest of the high this year at 1344/46. A weekly close above here is a buy signal targeting 1348, 1350, 1355/56 & 1360/61.

Silver still holding that target of 1497/1500. Be ready to buy a break above 1503 for 1518/19.

First support at 1485/80 could hold the downside but support at 1473/70 is weaker today. Look for a buying opportunity at 1462/58, with stops below 1454.

Latest comments

So if price does not close above 1336/37 today, then a re-test of 1319?
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