Gold
Support at 26240 and Resistance at 26560
Once break and sustain above 26560 will take to
26730---26890 else it could test its support level of 26240. Once break and
sustain below 26240 will see further panic till 26130---26080 mark
Three consecutive closes below 26080 will take to ???
Trade with levels only as market we will expect range bound
trading in Gold though bias remain positive but trade with levels only.
Silver
Unable to breach its support level of 34400 and bounced back
sharply to 35925 and now trading around 35625
Now what to expect???
Support at 35300 and Resistance at 36000---36400
Above 36000... it could test 36300---36400 mark. Three
consecutive closes above 36400 will take to 37300---37800 and then to 38500+
mark in days to come else it could test its support level of 35300 again
Close below 35300 will take to 34700---34400 mark.
More will be update soon. Trade with levels only!!
