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Wednesday, October 7, 2015

Update on Gold & Silver 07 Oct 2015





Gold




  Above 26560... our target was 26730---26890. Made a high of 26788 and slipped again to 26555


Now what to expect???


 Support at 26380---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




 Above 36400... we have seen mind blowing rally in Silver. We recommended buying above 36400 mark


Now what to expect???


Support at 36400---35800 and Resistance at 37700

Three consecutive closes + weekly close above 36400 will see non stop rally in Silver till 38500---39300 and then to 40500+ mark in days to come

Fresh selling can initiate only close below 35500 mark



Trade with levels only!!





More will be update soon!!