February gold closed lower on Wednesday due to profit taking. The low-range close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 1240. Second resistance is at 1255. First support is at 1224. Second support is at 1210.
March silver closed lower due to profit taking on Wednesday. The high-range close set the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 17.20. Second resistance is at 17.30. First support is at 16.60. Second support is at 16.50.
Source:RSBL