Interesting read that....
"Technically, the gold bulls have the solid overall near-term technical advantage. A three-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears' next near-term downside price breakout objective is pushing December futures prices below solid technical support at $1,500.00. First resistance is seen at the overnight high of $1,559.80 and then at this week’s high of 1,565.00. First support is seen at today’s low of $1,542.70 and then at this week’s low of $1,534.80."
And on silver this, "December silver futures bulls have the strong overall near-term technical advantage. Prices are in an accelerating three-month-old uptrend on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $19.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at this week’s low of $17.64. First resistance is seen at the overnight high of $18.75 and then at $19.00. Next support is seen at the overnight low of $18.41 and then at $18.17"
Looks good for both but I dunno about silver, even at $20/oz feels worthless compared to gold. Is it simply going up a bit because gold has?
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11.0¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
37 | 1465059 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 2152098 | 16 |
View Market Depth
No. | Vol. | Price($) |
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3 | 257500 | 0.099 |
2 | 80612 | 0.098 |
5 | 1199540 | 0.096 |
10 | 430500 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 2142871 | 15 |
0.115 | 847316 | 6 |
0.120 | 302121 | 5 |
0.125 | 230007 | 4 |
0.130 | 400000 | 3 |
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