Gold Trading Test Resistance Levels And Sell Off

GOLD

Gold has found additional demand and price support above the $2,020 level. Both investor and central bank demand for physical Gold continues to set new records. Gold tested its $2,035 resistance level last night and quickly saw short-term profit taking from traders. At 11am PT today, Gold is trading unchanged at $2,022 per ounce.

SILVER

Silver briefly rallied above $23 level this morning when Gold hit its highs. However, Silver continues to see resistance at that level and quickly sold off. At 11am PT today, Silver is up $0.02 per ounce, trading at $22.82 on average volume.