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Daily Oil, Gold, Silver Technical Analysis | October 18, 2021

From fxdailyreport.com

{chart} Gold prices got rejected from the $1,780 – $1,800 area and the daily SMA 200. We might see the price start a new bearish leg toward $1,680 – $1,700 area. Traders who want to enter short positions could enter speculative short near the current level with a stop above the previous week’s high. Today critical levels to watch: Support: $1,700, $1,680 Resistance: $1,780, $1,800, $1,850 {chart} Silver prices made a close inside the yellow box area last week. The price might continue upward and test the top of the box area. If a close above the box area happens then silver prices could continue upward and target the ... (full story)

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  • Category: Technical Analysis