Loading ...Gold Slightly Up; FOMC Minutes Awaited
“Technically, April gold futures bulls have the overall near-term technical advantage. Prices are in a nine-week-old uptrend on the daily bar chart. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,250.00. Bears’ next near-term downside price breakout objective is closing prices below solid technical support at $1,210.00. First resistance is seen at the February high of $1,246.60 and then at $1,250.00. First support is seen at today’s low of $1,234.40 and then at this week’s low of $1,226.80. Wyckoff’s Market Rating: 6.0 ”
“March silver bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $18.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $17.00. First resistance is seen at last week’s high of $18.14 and then at $18.25. Next support is seen at this week’s low of $17.815 and then at $17.545. Wyckoff’s Market Rating: 6.0.”
http://www.kitco.com/news/2017-02-22/Gold-Slightly-Up-FOMC-Minutes-Awaited.html