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Monday, November 23, 2015

Update on Gold and Silver 23 Nov 2015





Gold





Support at 25080 and Resistance at 25190---25285


Close below 25080 will take to 28020---24960. Two consecutive closes below 24960 will take to 24810---24650 and then to 24400 mark

Our ultimate target intact 24174


Any sharp rise will be selling opportunity in Gold but trade with levels only... Any reversal seems will update.







Silver



Support at 33000 and Resistance at 33800---34300

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 33800---34300 again


Further upside rally seen only weekly close above 34300 mark

Traders can trade with levels only.








More will be update soon!!