Gold Still Trying to Break $1,800 Resistance Level

GOLD

Today we saw the first attempt to break Gold’s $1,800 resistance level. Gold reached $1,801 in Asian and European markets before seeing short-selling and profit taking. As the Gold market rolled into the U.S. Gold reached a low of $1,788 before seeing bargain buying. At 11am PT today, Gold is trading at $1,794 per ounce, up $6 on good volume.

SILVER

The Silver price traded lower in early trading, reaching a low of $20.39 before seeing strong demand. At 11am PT today, Silver is down $0.15 per ounce, trading at $20.50 on average volume.