Gold
Not able to breach its resistance level of 25600
and crashed vertically to 24989 mark. We recommended fresh selling below 25260
mark
Now what to expect???
Close below 24960 will take to 24860---24810 mark. Three
consecutive closes + weekly close below 24800 will see free fall in Gold till??
Target intact 24174
Comex Gold.,.... Support at $1040. Close below $1040 will
take to $1028---$1023. Three consecutive closes + weekly close below $1024 will
take to ???
Will it breach $1000 mark???
Silver
Told to sell around 34250---34300. Just made a low of 33851.
Clearly indicated that on rise sell it!!
Now what to expect???
Below 34200 will take to 33700---33300 mark. More and more
panic will see only close below 33000 mark else it could test its resistance
level of 34600---34900 and then to 35300 mark
Further upside rally seen only close above 35700 level but
chances are unlikely to breach its resistance level of 35700 in near terms
On Comex division, Silver has support at $13.80 and
resistance at $14.30---$14.55
Chances are unlikely to breach its resistance level of
$14.55 and could test $13.80. Close below $13.80 will see further panic till
$13.30---$12.80 and then to ???
More will update soon on our Android App.
