February gold closed higher on Friday as it extends the rally off November’s low. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 1265. Second resistance is at 1275. First support is at 1240. Second support is at 1220.
March silver closed higher on Friday as it extends this month’s rally. The high-range close set the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term First resistance is at 17.15. Second resistance is at 17.30. First support is at 16.65. Second support is at 16.50.
Source:RSBL