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Tuesday, September 15, 2015

Update on Gold and Silver 15 Sep 2015





Gold



In morning.. we recommended selling in Gold around 26040---26050. Book part profit and told to book full profit around 25920---25900


Decisive break and close below 25900 will take to 25700---25550 and then to ???

Else it could test its resistance level of 26150


Close above 26150 will see further upside rally till 26300---26450+ mark


Trade with levels only






Silver






Yesterday.. we recommended selling in Silver around 34950---35000. Just made a low of 34484


Now what to expect???



Break and sustain below 34450 will see free fall in Silver till 33700---33000 mark. Three consecutive closes + weekly close below 33000 will see free fall in Silver till ???

On rise sell it!! Fresh buying can initiate only close above 36000 mark

Trade with levels only




More will update soon!!