Gold
Our sell call in Gold proven great from 26620---26280. It
made a low of 26169 and bounced back sharply
Now what to expect???
Support at 26350---26150 and Resistance at 26850
Close above 26450 will take to 26700---26850. Further upside
rally seen only close above 26850 mark else it could test its support level of
26350 and then to 26230---26150 again
Weekly close below 26150 will take to 26040---25920 and then
to 25650 mark
Traders can trade in a range with strict stop loss.
Silver
Below 34300... our target was 33800---33500---33200. It made
a low of 33151 and bounced back sharply
Now what to expect???
Support at 33400---33000 and Resistance at 34450
Close above 34450 will take to 34900---35300+ mark in days
to come else it could test its support level of 33900 and then to 33400---33000
again
Three consecutive closes + weekly close below 33000 will see
free fall in Silver in days to come
Today's trend looks dicey.... So trade safely with levels
only.
More will update soon!!
