Gold shorts at 1301/03 stopped above 1305 to target 1308/09

Gold _ Silver Spot

Gold shorts at 1301/03 stopped above 1305 to target 1308/09 then minor resistance at 1312/13. A break above 1314 is a buy signal initially targeting 1319/20.Good support at 1303/01 but below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279.

Silver topped exactly at our selling opportunity at 1532/35 with stops above 1540. A break higher is a buy signal targeting 1548/49 then 1555.Holding below 1530 risks a slide to 1520. Below here targets 1505 then the March/April low at 1496/88. A break lower targets 1485, 1475/72 perhaps as far as 1465.

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