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Monday, August 24, 2015

Update on Gold & Silver 24 Aug 2015




Gold




Support at 26850 and Resistance at 27550---27800


 Above 27350... it could test 27480---27550 and then to 27700---27800 mark else it could test its support level of  27200 and then to 27050---26850 mark again


Further panic seen only close below 26850 mark


Trade with levels only





Silver




Support at 35600 and resistance at 36400


Close above 36400 will take to 36900---37500. Further upside rally seen only weekly close above 37500 mark else it could test its support level of 35600 again


Further panic seen only close below 35600 mark



Be careful at upper levels as we will expect correction in it. So trade with levels only and wait for confirmation.







More will update soon!!