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Tuesday, August 18, 2015

Gold & Silver Update 18 Aug 2015






Gold



Support at 25800 and Resistance at 26200


Looks weak and could test its support level of 25800. Two consecutive closes below 25800 will see further panic till 25450---25200 mark else it could test its resistance level of 26200 again


Further upside rally seen only close above 26200 mark


Trade with levels only





Silver




Support at 35500 and Resistance at 36000---36300


Decisive break and sustain below 35500 will take to 34700---34300 and then to 33800 mark in days to come else it could test its resistance level of 36000---36300 again


Further upside rally seen only close above 36500 mark


More will update soon till then trade with levels only!!