Gold
Gold bounced back from lower levels in today's early trading
session on Paris attack. Currently trading around 24550.
Now what to expect???
Gold has support at 25200 and Resistance at 25930---26150
We will expect range bound trading in Gold for next few
trading sessions. Three consecutive closes + weekly close below 25200 will see
free fall in Gold else it could test its resistance level of 25930---26150
again
Nimble traders can trade in a range with in and out
strategy.
Others can trade safely with levels only and wait for
confirmation. Anything seems will update.
Silver
Support at 33700---33200 and Resistance at 34500
Close below 33700 will take to 33450---33200. 33000 act as
major support for Silver. Three consecutive closes + weekly close below 33000
will see free fall in Silver till 31500---30800 and then to???
Else it could test its resistance level of 34500 again
Close above 34500 will see further upside rally till
34900---35300 and then to 35800 mark
Trade safely with levels only.
More will be update soon!!
