Sunday, August 30, 2015

Gold and Silver

Gold broke pwh, tested TL3 but unable to hold and pull back below 1,155 level.  Looking to short if break pwl.
Potential Resistance 1,155, 1,224 and 1,293
Potential Support 1,072 and 995

After failed to overcome TL2, Silver sell down tested 14.22 and recovered for 2 weeks.  Currently supported by TL3 and 14.22 level.  Staying neutral for now.
Potential Resistance 15.60, 16.68 and 17.55
Potential Support 14.38, 14.22 and 12.70

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