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Gold and Silver Report for 11th October.

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Gold still in a 2 month sideways trend as we bounce back to resistance at 1194/95. Again this is key to direction. A break higher targets 1197/98 & 1200/01 before important resistance at 1206/08. We know all about this level!! Failure to beat resistance at 1194/95 tests minor support at 1188/87 then 1184/83. Further losses meet the September low at 1180. A break lower targets 1176.75 & 1172/71.
Silver holding below 1420 targets 1415 before the September low at 1397/90. Minor resistance at 1440 & 1451/53 before a selling opportunity at 1470/75. Stop above 1485.

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Jason Sen, founder of DayTradeIdeas, began his trading career in the options pits on the ‘open outcry’ trading floor of the London International Financial Futures Exchange (LIFFE) in 1987 at the age of 19, trading a broad range of financial futures and options on his own account. In 2001 when the trading floor closed he successfully made the transition to electronic day trading. Trading the financial markets is all Jason has ever done, every day, for over 25 years!

Jason uses this experience to advise traders at some of the largest Investment Banks and is also the leading provider of daily technical analysis to the UK's professional day trading arcades. The exact same analysis that Professional Traders follow daily is now available to Independent Traders.

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