Gold And Silver Price Forecast

London (Dec 21)  Gold topped at strong resistance at 1888/92 exactly as predicted. We bottomed exactly at minor support at 1879/77 on Friday & wedo continue to expect the downside to be limited. Try longs at 1866/64 with stops below 1860. Try longs again at 1850/45 with stops below 1840.

Strong resistance at 1890/95. Bulls need a break above 1905 for the next buy signal targeting 1916/18, perhaps as far as 1922/24.

Silver longs on the break above 2490 and we topped exactly at the November high at 2595/99. A break higher is a buy signal for the start of this week targeting 2660/70 and 2710/20. If we continue higher look for 2755/65.

Important support at 2600/2590 of course.

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