Gold has gone down in pre-market this morning. The Us-dollar has gains from a rebound over the Holiday
Weekend. Watch for Support at $1268, if broken watch for a $30-$40 drop from there. A Close Below the Low of $1212 will break the Daily Structure to Bearish.
Silver Supports are $19.29....19.04....18.70...and then 18.64. A Break of 18.64 will be a break of the Bullish structure and more losses will ensue.
ADDED 5-29-2014: Fib Targets ; .66% = $1253.21..... .764% = 1231.25.....854% = 1212.24......902% = 1202.10 . I like the $1231.25 area because of cloud support shelf. So It Will probably be another number. [smile]
No comments:
Post a Comment