gold
High volatility in the markets accompanied by several attempts to incline have failed where the current trend for the metal is still to the downside. If our expectations are true and gold does depreciate, it could extend its losses towards 849.00 at the very least as far as we see no four hour closings above the 894.05 level on ths short term trend and the 887.10 level on the intraday basis.
The trading range for today is among the key support at 8300.80 and the key resistance at 944.65
The general trend is to the downside as far as 934.00 remains intact with targets at 649.20 and 615.60
| Support | 866.95 | 858.20 | 849.00 | 838.20 | 836.40 |
| Resistance | 879.20 | 887.10 | 890.55 | 894.05 | 908.10 |
silver
After completing the expected incline that we pointed out to last week, we see the possibility for silver to reverse to the downside, yet the 11.78 support level seems to be strong enough where the stochastic indicator and the relative strength indicator support the downside movements but the MACD shows the tendency to the upside.
The trading range for today is among the key support at 10.65 and the key resistance at 12.15
The general trend is to the downside as far as 14.70 remains intact with targets at 8.05 and 7.60
| Support | 11.30 | 11.19 | 11.05 | 11.00 | 10.95 |
| Resistance | 11.57 | 11.078 | 11.95 | 12.00 | 12.15 |
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