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Tuesday, January 5, 2016

Update on Gold and Silver 05 Jan 2016






Gold




  Yesterday, our buy call in Gold has proven great and made a high of 25521. We recommended buying around 25080---25050 mark




Now what to expect???


Support at 25280 and Resistance at 25530

Above 25530... will see further upside rally till 25585----25630 and then to 25750 mark. More and more power will see only close above 25850 mark else it could test its support level of 25280 again

Close below 25280 will take to 25130---25050 and then to 24800 mark

Traders remain cautious at upper levels... Sharp panic will expect from upper levels. So traders can trade safely with levels only. Sell only below 25280 mark

Anything seems will update on Android App.






Silver




  Yesterday.. Our buy call in Silver proven great and made a high of 34150 mark. We recommended around 33680---33650. 




Now what to expect???

Support at 33200---32900 and Resistance at 33800---34500

Either side break or close with volume will decide further... So traders can trade in a range with strict stop loss and wait for confirmation.








More will be update soon!!