What Next ??? - October 19, 2024

20 analysts responded this week, 12 see prices up, while 8 see prices down, and 0 see prices unchanged. especially Trading range will be between $2760-$2661 levels.

S1:2702 S2:2685 S3:2661
R1:2737 R2:2745 R3:2760

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $30.72-$34.98 levels.

S1:33.10 S2:32.45 S3:30.72
R1:33.90 R2:34.25 R3:34.98

20 of 9 analysts, forecast Crude Oil will rise in next week. 0 respondents predicted that futures will be little changed and 11 said the contract will fall.

S1:67.90 S2:65.86 S3:63.28
R1:69.95 R2:70.83 R3:72.74

Now support for the Gold is seen at 77225 and below could see a test of 76550-75180. Resistance is now likely to be seen at 78045 a move above could see prices testing 78410-79255.

S1:77225 S2:76550 S3:75180
R1:78045 R2:78410 R3:79255

Now support for the silver is seen at 94555 and below could see a test of 92785-90190. Resistance is now likely to be seen at 96900 a move above could see prices testing 97550-99250.

S1:94555 S2:92785 S3:90190
R1:96900 R2:97550 R3:99250

Now support for the Crude is seen at 5650 and below could see a test of 5380-5035. Resistance is now likely to be seen at, 6058 a move above could see prices testing 6298-6580

S1:5650 S2:5380 S3:5035
R1:6058 R2:6298 R3:6580