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Tuesday, November 10, 2015

Just Update on Gold and Silver....10 Nov 2015



Gold



Gold... Support at 25600 and resistance at 25810---25930. Close below 25600 will take to 25280---25230 else it could test its resistance level of 25810---25930 again. Further upside rally seen only close above 25930 mark.

Three consecutive closes + weekly close below 26760 will see nonstop panic till 24300 mark in days to come.


Will it test 24300??






Silver


Our sell call in Silver proven great. Made a low of 34500. We recommended selling around 35400 and then below 34800 mark.

Now what to expect???

Close below 34500 will see further panic till 34200---33800 and then to 33300 mark.

33000 act as major support in Silver. Three consecutive closes + weekly close below 33000 will see free fall in Silver in days to come.

Immediate hurdle at 35300.





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