Friday, December 2, 2011

Gold And Silver

Gold & Silver

Gold

Our Preference: LONG positions above 1747 with 1770 & 1778 in sight.

Alternative scenario: The downside breakout of 1747 will open the way to 1735 & 1725.

Silver

Our Preference: LONG positions above 33.018 with 33.65 & 34 in sight.

Alternative scenario: The downside penetration of 33.018 will call for a slide towards 32.45 & 32.05.