Gold And Silver Daily Forecast For September 10, 2018

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Gold And Silver Daily Forecast For September 10, 2018

Gold & Silver

Gold trades sideways & looks likely to continue to do so, so it is scalping opportunities only. Minor resistance again at 1200/02 & holding here again targets 1195 before minor support at 1190/89. Below here targets 1183/81 & support at 1178/77.

Outlook fairly negative so gains are likely to be limited with minor resistance at 1200/02 then strong resistance at 1207/09.

Shorts need stops above 1214. A weekly close above here is an important buy signal.

Silver lower as predicted & hit all targets as far as 1405/00 last week. Further losses test the 2016/15 low at 1370/60.

We could start to trade sideways (& have done as expected) to ease oversold conditions & face first resistance at 1431/35. We topped exactly here on the small bounce last week but try shorts at 1450/55 with stops above 1465.

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