December gold closed sharply lower on Friday as it extends the decline off July’s high. The low-range close sets the stage for a steady to lower opening when Monday’s night session begins trading. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices are possible near-term. First resistance is at 1211. Second resistance is at 1230. First support is at 1180. Second support is at 1170.
December silver closed lower on Friday as it extends this summer’s decline. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices is possible. First resistance is at 17.20. Second resistance is at 17.35. First support is at 16.60. Second support is at 16.50.
Source:RSBL