Sunday, August 16, 2015

Gold and Silver

Gold
DT
Gold recovered this week but still an inside bar of 19 Jul week.  

Gold resistance at 1,155, TL2 and TL3 while support level at 1,072
Breaking 1,155 resistance level, may test 1,224.  Breaking and closed below 1,072 may see Gold testing 995 level.
Potential Resistance 1,155, 1,224 and 1,293
Potential Support 1,072, 995 and 848


Silver
DT
Silver currently supported by weekly Diff SL at 14.38, TL3 and TL4. 

Breaking and closed above TL2 resistance, may see Silver testing 16.68 level.
Potential Resistance 15.80, 16.68 and 17.23
Potential Support 14.38, 14.22 and 12.70

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