Gold - Increase maintained
Gold increases, though a slight decline below the 1'350 mark. Hourly support is at 1'331 (23/01/2018 low) while further support remains at 1'323 (12/01/2018 low). The technical structure indicates further short-term upside moves.
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).
Silver - skewed to the downside
Silver is slightly decreasing but remains above 17.16. Hourly support is at 16.75. The short-term technical structure is turning positive while hourly resistance lies at 18.21 (08/09/2017 high).
In the long-term, the trend remains negative/ flattish. Further downside is very likely. The pair is trading slightly above 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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