Gold & silver commodities outlook
Gold shot higher from 1221/22 to strong resistance at 1236/38. Shorts are being held below 1243 as I write.

Silver topped less than 4 points from our selling opportunity at 1470/80.

#Gold tests strong resistance at 1236/38. Shorts need stops above 1243. A break higher is a buy signal targeting 1248/49 & 1254/55 before strong resistance at 1258/60.
Failure to beat strong resistance at 1236/38 targets 1232/30 & 1223/21. Below 1219 look for 1216/15 before a buying opportunity at 1210/08, with stops below 1206.

#Silver beat 1448/50 but topped just below our selling opportunity at 1470/80, with stops above 1490. A break higher however is a buy signal targeting 1520/30.
Failure to beat 1470/80 targets 1445 & good support at 1435/30. Below 1420 however risks a retest of the September/October low at 1390/85.

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