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Friday, November 20, 2015

Update on Gold and Silver 20 Nov 2015









Gold



Not able to breach its support level of 24960 and bounced back to 25429. Our hurdle and stop loss was 25285

Now what to expect???

Above 25285 will see rally till 25600---25725 and then to 25900+ mark in days to come

Any sharp panic will be buying opportunity in Gold with stop loss of 25960 but trade with levels only






Silver



Support at 33300 and Resistance at 34300

Looks positive and could test its resistance level of 34300. Weekly close above 34300 will see further upside rally till 34900---35300+ mark in days to come

Fresh selling or positional selling can initiate only close below 33300 mark


Traders can trade with levels only.







More will be update soon!!