Gold
Yesterday.. we recommended selling in Gold around 26410 with
stop loss of 26540. It crashed and made a low of 25984 and now trading around
26120
Now what to expect???
Support at 26080 and resistance at 26300
Decisive break and sustain below 26080 will take to
25930---25850 and then to 25700 mark in days to come
Fresh buying can initiate only close above 26300 mark
Trade with levels only
Silver
Support at 35300 and Resistance at 35900---36300
Break and sustain below 35300 will take to 35000----34800.
Three consecutive closes + weekly close below 35300 will see free fall in
Silver in days to come else it could test its resistance level of 35550 and
then to 35900---36300 mark again
Traders can trade with levels only and wait for confirmation.
More will update soon!!
