Gold
Support at 26890 and Resistance at 27230
Decisive break and sustain below 26890 will take to
26730----26560 mark else it could test its resistance level of 27000---27080
and then to 27200 mark
27400---27650 act as major hurdle and we will not expect
Gold to breach its resistance level of 27650 in near terms
If it unable to breach its resistance level of 27650 then we
will expect vertical crash in Gold. Downside major support at 25700
On Comex division, Gold has support at $1170 and resistance
at 1205. Two consecutive closes below 1170 will take to $1145---$1130. $1130
act as major support in Gold.
Any sharp rise will be selling opportunity with stop loss of
$1205 on closing basis
Silver
Support at 36600 and Resistance at 37500---37800
Still looks weak and could test its support level of 36600.
Two consecutive closes below 36600 will see free fall in Silver till
35800---35300 and then to 34500 mark in days to come else it could test its
resistance level of 37500---37800 again
Further upside rally seen only close above 37800 mark
38300 act as major hurdle for Silver... Upper side seems
limited in Silver and any sharp rise will be selling opportunity but trade with
levels only.
More will be update soon!!
