Metals Analysis – Daily Analysis
Metals Analysis
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Gold
Live Price: $4211.37500
- Supports: 4148.20438, 4106.09062, 4042.92000
- Resistances: 4274.54562, 4337.71625, 4421.94375
- Entry: Long 4169.26125, Short 4253.48875
- Stops: L 4085.03375, S 4337.71625
Gold’s record-breaking rally could keep running thanks to growing demand from this group of investors – Demand for gold among Western investors has climbed in recent months, even as the precious metal notches fresh record highs, but don’t say they’re late to the party, as rising government debt and strong central-bank purchases look set to continue to feed the rally.
Silver
Live Price: $52.74255
- Supports: 51.95141, 51.42399, 50.63285
- Resistances: 53.53369, 54.32483, 55.37968
- Entry: Long 52.21512, Short 53.26998
- Stops: L 51.16027, S 54.32483
Bank of America now sees $65 silver, as price spike reduces London market to a ‘state of seizure.’ – A shortage of physical inventories threatens to disrupt the world’s most important silver trading hub – the LBMA.
Oil ETF (USO)
Data unavailable