Gold – Silver
Gold Spot we wrote: A break above 1850 targets 1875/80, 1895/1900 & eventually the 2011 high of 1911/20.
Nearly there after 3 strong days of gains.
Silver Spot we wrote: Bulls in control so a break above 2040 targets 2080/85 & 2300/05, perhaps as far as 2535/39. – We reached 2323 & are pausing but there's no sell signal in overbought conditions.
Daily Analysis
Gold rockets as far as 1895/1900 & eventually likely to retest the 2011 high of 1911/20. Obviously this is going to be key in severely overbought conditions. A sustained break higher (& weekly close above for confirmation) is a buy signal for next week.
With bulls clearly in control the downside is likely to be limited at this stage, despite overbought conditions. However below 1887 risks a slide to 1877/75, perhaps as far as 1867/65.
Silver severely overbought in short & longer term but definitely no sell signal as we hit 2300/05, perhaps as far as 2535/39. If we continue higher look for 2346/49 & 2390/95.
With bulls clearly in control the downside is likely to be limited at this stage, with minor support at 2236/32 & 2195/85.
| Trends | |
| Weekly Outlook | Positive |
| Daily Outlook | Positive |
| Short Term Outlook | Positive |
Chart
Dicetak ulang dari FXStreet， hak cipta semua dimiliki oleh penulis asli.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang