Daily analysis of Gold for February 08, 2018

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Overview

Gold price resumes its downward bias to attack 1,316.48 level. The price is moving below it now. That is why we still keep our bearish outlook for the upcoming sessions. This viewpoint is reinforced by the negative signal provided by stochastic. We are waiting until the price visits 1,301.20 level which represents our next main target. Let me remind you that holding below 1,335.40 represents the most important condition for the expected decline to continue. The expected trading range for today is between 1,300.00 support and 1,330.00 resistance.

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

Daily analysis of Silver for February 09, 2018

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Overview

Silver price has settled down below 16.56 level, to keep the negative pressure valid until now. We are waiting until the bearish trend resumes with the next target at 15.49. Stochastic's current positivity might force the price to provide some sideways trading before heading towards the mentioned target. On the other hand, the expected bearish trend will remain valid unless breaching 16.56 level and holding with a daily close above it. The expected trading range for today is between 16.00 support and 16.50 resistance.

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