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Tuesday, August 25, 2015

Update on Gold & Silver 25 Aug 2015



Gold




Above 27350... our target was 27480---27550 and then to 27800. It made a high of 27833 and slipped again to 26823 mark. Today we recommended selling in Gold around 27230---27250 mark


Now what to expect???


Gold has support at 26700 and Resistance at 27200---27450

Now we will expect range bound trading in Gold for the day though bias remain negative

Trade safely with levels only and wait for fresh entry





Silver




Yesterday... we recommended selling below 35600. It made a low of 34801


Now what to expect???


Close below 35000 will take to 34300---33800. Further panic seen only close below 33800 mark


Revise stop loss of 35500


More will update soon. Trade with levels only.