Daily Technical Analysis on Gold and Silver - Tuesday 17-3-2020

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gold

New losses on gold during Monday's trading, breaking a daily bullish trend forming supply areas at 1564

I believe that the yellow metal for further decline during this trading day may reach the areas of 14230 during this trading day as interim targets.

Silver

Very violent trading on silver during yesterday's trading and Asian session trading, big losses to reach the lowest price at 11.26 low prices that we have not seen before 12 years since 2008, the weekly chart speaks I expect that downward silver targets have been achieved and the pair may range in an occasional movement during the next period between regions 10.60 - 16.40