Gold, Silver break resistance issue Sell Signals

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Gold and silver futures took a tumble today (1/20) as gold saw its lowest prices since November. Gold's move lower gives me a sell signal on the daily chart for the February contract. This is the second sell signal gold has issued since the trend changed to the downside and gold is now breaking key support. March silver is similarly showing me a sell signal on the daily chart and has broken through key support. Several weeks ago silver futures showed a key reversal on the weekly chart and now silver is showing a key reversal so far this month on the monthly chart. Gold has some strong support around the 1300 level and silver has support at 24. Subscribe to Larry Baer's Charts and Set-Ups Newsletter: http://www.zaner.com/3.0/lbaer2.asp SEE CHART Call me for details and trade set-ups at (312) 277-0112 or toll free at 888-281-4161 Visit my online options and futures trading blog: http://larrybaertrader.wordpress.com/ To review what I consider a "sell signal" watch Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k For intraday updates follow me on Twitter: @LarryBaerTrader

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.