Daily analysis of Gold for April 15, 2016

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Overview

The gold price is trading steadily above the 1,227.40 level. Stochastic is offering a positive overlapping signal in the four-hour time frame, which supports the chances of resuming the bullish trend in the upcoming sessions. The price needs to breach 1,232.00 followed by 1,238.45 levels to ease the mission of heading towards our main targets that begin at 1,282.92 and then 1,300.00. We remind you that a break of the 1,227.40 level and holding below it will push the price to return to the correctional bearish track, the next target of which is located at 1,193.00.

The expected trading range for today is between the 1,215.00 support and the 1,260.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Silver for April 15, 2016

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Overview

The silver price is trading sideways above the 16.00 level. The price starts moving with slight bullish bias in attempt to approach from the 16.35 level; the price is likely to breach this level to confirm the way to target the 17.08 level as the next main station. In general, we still suggest the bullish trend, unless breaking 15.70 and 15.30 levels and holding below them. Breaks of these levels are a negative factor that will push the price to attempt to return to the bearish trend on the medium-term basis.

The expected trading range for today is between the 15.70 support and the 16.60 resistance.

The material has been provided by InstaForex Company - www.instaforex.com