Gold and Silver Forecast

Gold _ Silver Spot

Gold bounces back towards our selling opportunity at 1286/88, with stops above 1290. Next target & resistance at 1294/95. Bulls need a break above 1299.Minor support at 1278/77. Below 1276 is a sell signal targeting 1274 & probably a buying opportunity at 1268/66. Try longs with stops below 1263.

Silver bounces back to 1543 but look for a selling opportunity at 1553/55 with stops above 1560.Holding below 1545 targets 1530, 1523 perhaps as far as 1518 & 1510/05.

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.