Gold
Support at 26400---26240 and Resistance at 26560
Two consecutive closes above 26560 will take to
26730---26890 and then to 27225+ mark in days to come
Fresh selling can initiate only close below 26240 mark
Trade with levels only
Silver
Not able to breach its resistance level of 37700
and crashed vertically to 36570
Now what to expect???
Support at 36300 and Resistance at 37200---37700
Still looks weak and could test its support. Three
consecutive closes + weekly close below 36300 will see free fall in Silver till
35500---34800 mark else it could test its resistance level of 37200---37700
again
Further upside rally seen only close above 37700 mark
Traders can try to get an opportunity to sell Silver on rise
around 37200 with stop loss of 37700 on closing basis
Others can trade with levels only
More will be update soon!!
