Gold
Yesterday... we clearly indicated that below 25280 will see
panic in Gold till 24880. It crashed vertically and made a low of 24740 mark
and now trading around 25850
Now what to expect???
Support at 24730---24650 and Resistance at 24965
Now fresh selling can initiate only close below 24650 mark.
Three consecutive closes + weekly close below 24650 will see further panic till
24350---24200 mark in days to come else it could test its resistance level of
24965 again
Break and sustain with volume + close above 24965 will see
sharp upside rally in Gold till 25250---25400+ mark in days to come
Traders can trade with levels only and wait for confirmation.
Silver
Crashed vertically and made a low of 33030. We clearly
indicated to sell it below 34050 mark
Now what to expect???
Support at 32800 and Resistance at 33400
Three consecutive closes + weekly close below 32800
will take to 32300---31800 mark in days to come else it could test its
resistance level of 33400 again. Further upside rally seen only close above
33400 mark.
Close above 33400 will take to 33900---34200 mark in days to
come.
Traders can trade with levels only.
More will be update soon only on our Android App.
