Sunday, September 20, 2015

Gold and Silver (19 Sep 15)


Gold
DT
Gold broke pwh and TL4.  Next resistance at TL3 and 1,155.
Potential Resistance 1,155, 1,224 and 1,293
Potential Support 1,072 and 995


COT for Gold - Buying interest is not at extreme (>90) but still above 70 level, may go long if there is a trend reversal

Silver
DT
Silver broke pwh and TL4.  Inside bar of 24 Aug in weekly chart.
Next resistance at TL2.
Potential Resistance 15.60, 16.68 and 17.55
Potential Support 14.38, 14.22 and 12.70


COT for Silver - Similar to Gold, not at extreme (>90) but still above 70 level, may go long if there is a trend reversal 

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