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| Silver Forecast 09-20-11 |
Gold dropped as I stated in my last week forecast, however, it found the support just in the area, below my important level, $1,785. Areas between $1,818 and $1,785 have been acting strong resistance and support. Both numbers are NHN Numbers.
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| Gold Forecast Chart 09-20 |
- Gold, after dropping below the $1,795, according to my forecast, tested the $1,785 and even $1,778 area. Once it settled down in said area, and regained the important level of $1,785, then rally was imminent. From there, it shot straight upto my level of previous support and resistance of $1,818.
- Gold have retraced back up the $1,818 area and retested the resistance and settled down around just above $1,800 area.
- As long it stays above this area, this area shall act like a springboard.
- Silver also has found the support at the obvious level of support in just above $39.50 area.
- Both metals are about to break out to the upside, as long the level of $39.50 for silver and $1,800 is held for gold.
