Gold In Bull / Bear War At $1,400 Resistance Level

GOLD

Gold traded higher in Asia and Europe, reaching a high of $1,406, but when it rolled into the U.S. it sold off, trading below $1,400 per ounce. Right now, Gold is in a bull/bear war at the very important $1,400 per ounce support level. At 11am PT today, Gold is trading at $1,397 per ounce, down $3 from last Friday on normal volume.

SILVER

Silver is following Gold’s lead trading above and below the important $15 per ounce level this morning. Professional Commodity Trader’s continue to prefer the short side of the Silver trade.
At 11am PT today, Silver is unchanged from last Friday, trading at $15.04 per ounce on average volume.