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Thursday, August 20, 2015

Update on Gold and Silver 20 Aug 2015






Gold




Yesterday, we recommended buying in Gold above 26100 with stop loss of 25900. Just made a high of 27518. In Morning too recommended buying above 26406 mark with tiny SL of 26368


Now what to expect???


Still looks positive and could test 26580---26650. Further upside rally seen only close above 26650 mark else it could test its support level of 26370 again

Decisive break and sustain below 26370 will see further panic till 26280----26240 again

Further panic seen only close above 26200 mark


Trade with levels only





Silver




We maintained stop loss in sell call of Silver of 35050. Too recommended on blog too. It flared and made a high of 36085

Now what to expect???

Support at 35500 and Resistance at 36300---36600

Looks positive and could test its resistance level of 36300---36600 again


Further upside rally seen only close above 36600 mark else it could test its support level of 35500 again

Close below 35500 will see further panic till 34800---34500 mark



Trade with levels only. More will update soon!!