daily technincal overview (gold) & (silver)

JUN GOLD
Resist: 1556.50-1564.00
Supprt: 1530.20-1504.90
1* Market is showing a marked acceleration in the trend. However, be on guard for a correction today against the trend to consolidate the loss. Trend should remain intact barring a close above 1558.20 or full retracement of yesterday's range at 1568.50.
2* The downside objectives for this formation range from 1523.70 to 1454.80 with a close over 1573.80 needed to negate a bear trading stance.
3* Market is within proximity of this week's projected resistance range of 1579.10-1555.20, which may provide a likely zone for topping action or setbacks.



JUL SILVER
Resist: 2780.00-2800.00
Supprt: 2696.00-2645.00
1* The downside objectives for this formation range from 2619.00 to 2459.00 with a close over 2821.00 needed to negate a bear trading stance.
2* Market is within proximity of this week's projected resistance range of 2850.00-2758.00, which may provide a likely zone for topping action or setbacks.