Metals Cool, Looking for Support |
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The precious metals saw a cooling this week, due largely to the drop in oil prices and the strength that lended to the US Dollar and the Dow. Gold just broke below support at 959.48, and may be on its way to test 946.35. If the drop continues beyond that, then 929.13 is the next likely candidate for support. If we resume moving up, then 974.22 and 991.43 are the most likely resistance. Silver, meanwhile is comfortably resting at 18.39 support, with additional support just below at
Filed under: Technical
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