Friday, September 2, 2011

GOLD‏ (Spot) AND SILVER (Spot)

Our Preference: LONG positions above 1828 with targets @ 1871 & 1888.

Alternative scenario: The downside breakout of 1828 will open the way to 1800 & 1770.

Comment: the immediate trend remains up and the momentum is strong.

SILVER (Spot) 
Our Preference: LONG positions above 41.8 with 43.1 & 43.8 in sight.

Alternative scenario: The downside breakout of 41.8 will open the way to 41.05 & 40.5.

Comment: the immediate trend remains up and the momentum is strong.