Gold & Silver – Support And Resistance Levels To Watch Out For
We can see that Gold has support at $1139 and resistance at $1152. Immediate resistance is $1144. Another successful test of $1139-$1140 would raise the probability of a move to resistance at $1152. There is a potential head and shoulders bottom, which targets $1154.
Silver has immediate resistance at $18.05 with support at $17.78. The bigger resistance is $18.25-$18.30. A move above $18.05 or a successful test of $17.80 would have us thinking that Silver will soon rise to $18.250$18.30.