Gold is now trading at the resistance level for the sideways triangular model at 755.50 precedes the 38.2% correction at 775.95 which all resides still ahead of the key level at 777.50; the buying saturation is seen on momentum indicators and for that we expect the downside to prevail if trading remained below the mentioned levels; though an upside technical pattern is seen within the triangular model which might set gold to extend the sideways move among 775.95 and 700.00 which means higher volatility compared to what we saw the metal trade within earlier this week and last week.   

The trading range is among the key resistance level at 777.50 and the key support level at 701.70.

The general trend is to the downside as far as 934.00 remains intact, target set at 649.20 and 615.60.

Silver declined yesterday affected by the downside channel while now its attempting to steady above 9.00 levels; the key resistance for the downside has now shifted towards 9.64 and continued trading below this level supports the downside.

The trading range is among the key resistance level at 10.07 and the key support level at 8.20.

The general trend is to the downside as far as 14.70 remains intact, target set at 8.05 and 7.60.