Bearish trend
Gold continues its descent, approaching hourly support at 1306 (04/01/2018 low). Hourly resistance is maintained at 1351 (02/01/2018 high) while further resistance is found at 1366 (25/01/2018 high). The technical structure suggests further decline.
In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm it. A major support can be found at 1,045 (05/02/2010 low).
Continued decline
Silver is trading lower, approaching hourly support at 16.27 (07/02/2018 low) while hourly resistance at 16.83 ( 16.98 (15/02/2018) remains.
In the long-term, the trend remains negative/ sideways. Further downside is very likely. The pair is trading below its 200 DMA. Resistance is located at 21.58 (10/07/2014 high). Strong support can be found at 11.75 (20/04/2009).
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