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Tuesday, November 17, 2015

Update on Gold and Silver 17 Nov 2015





Our sincere blog followers and subscribers have minted money from all corners. 


As expected all crashed vertically....Still not able to mint money!!






Have a look on it!!





Gold





 Sent message to sell Gold around 25530---25550. Crashed and made a low of 25190


Now what to expect???


Gold has support at 25200 and Resistance at 25350

Close below 25200 will take to 25080---24960. Three consecutive closes + weekly close below 24960 will see vertical crash in Gold till???

Our target intact 24174

Any sharp rise will be selling opportunity but trade with levels only... Anything reversal 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 til 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