Gold And Silver Daily Forecast For April 8, 2019

April 8, 2019

New York (April 8)  Gold longs at important support at 1284/82 worked perfectly again on the bounce from 1284 to minor resistance at 1292/94. We topped exactly here but further gains today meet a selling opportunity at 1301/03 with stops above 1305. A break higher targets 1308/90.

Longs at important support at 1284/82 need stops below 1279. A break lower targets less important 500 day & 100 week moving average support at 1275/73. A break below 1270 is an important longer term sell signal.

Silver is holding first resistance at 1520/21 perfectly once again, but above here meets a selling opportunity at 1532/35 with stops above 1540.

Holding below 1520 targets 1505 then the March/April low at 1496/88. A break lower targets 1485, 1475/72 perhaps as far as 1465.

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