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Tuesday, September 8, 2015

Update on Gold & Silver 08 Sep 2015



Gold








Told to sell around 26520---26550. Just made a low of 26414 and now trading around 26450

Now what to expect???


Support at 26400 and Resistance at 26550---26730


Decisive break and sustain below 26400 will take to 26250---26180 and then to 26050 mark else it could test its resistance level of 26550 and then to 26680---26730 again


Further upside rally seen only close above 26730 mark


Trade with levels only






Silver







Support at 34800---34300 and Resistance at 35900---36300


Trend looks choppy and has no clear direction. So traders can trade in a range with strict stop loss and wait for confirmation






More will update soon!!