Gold Break Below 1420 Targets 1415/14

New York (July 22)  Gold first support at 1424/21. A break below 1420 targets 1415/14 and strong support at 1410/08. Longs need stops below 1405.

Holding first support at 1424/21 targets 1430 and 1435/38. A break above 1440 can retest the 1451/52 high. Unlikely but a break higher targets 1458/59, 1462 and resistance at 1466/67. If we continue higher look for 1473/74 & 1482/84.

Silver minor resistance at 1636/38 and 1645/47. Gains are likely to be limited but above here retests 1657/59. A break above 1665, however, targets 1671/73 and 1683/84.

Minor support at 1625/23 and 1616/14 with the best support at 1605/01. Try longs with stops below 1595. A break lower risks a slide to strong support at 1575/70.

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