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Friday, February 7, 2014

Gold - Silver - ES_F End of the week session Trading Update - 07 Feb 2014

Gold 

Best Buy & support Holds @ 1253 Actual Resistance & best short level 1261.30 a break above 1269.80 upside capped @ 1282 - 1288 - 1295 below 1244.70 its 1228 - 1220 

I expect the Prices to Test 1244 - 1232  for now 

Positional target 1212 - 1204 is active for now, violation of that will give us 1174 - 1168 - 1162

Now @ 1259.80


Silver 

Resistance & Best Sell 20 - 20.22 below 19.78 target 18.60 - 18.34 Intact 

Above 20.28 Upside is @ 20.70 - 20.96

Now @ 19.80

ES_F

1752 - 1764 is the support for now - above 1776 likely to fill the gap 1803 above that its 1816 however below 1740 its 1718 - 1712 Break Down Level 1696 Target 1646/1618

I have advised my clients to close some @ 1752 - 1740 or hedge some positions above 1777 to 1803 & Add more sell positions @ 1803 - 1816 target 1718

Now @ 1771


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