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Friday, September 18, 2015

Update on Gold and Silver 18 Sep 2015









Gold




Support at 26200---26050 and Resistance at 26600---26750


Looks positive and could test its resistance level of 26600---26750 mark. Further upside rally seen only close above 26750 mark else it could test its support level of 26200---26050 again


Further panic seen only weekly close below 26050 mark


Trade with levels only




Silver




Support at 35800 and Resistance at 36300---36450


Decisive break and sustain below 35800 will take to 35300---34800 mark. Further panic seen only close below 34800 level on weekly basis else it could test its resistance level of 36300---36450 mark


Weekly close above 36450 will take to ???


Traders can trade with levels only



More will update soon!!