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Thursday, January 14, 2016

Update on Gold and Silver 14 Jan 2016





Gold




Support at 25760 and Resistance at 26080---26240


Looks positive and could test its resistance level of 26080---26130 and then to 26240 mark. More and more power will see only weekly close above 26240 mark else it could test its support level of 25760 mark again


Break and sustain below 25760 will see further panic till 25600---25530 and then to 25440 mark. More and more panic will see only weekly close below 25440 mark


Trade with levels only.







Silver



Support at 33800 and Resistance at 34200


Close above 34200 will take to 34500--34600 and then to 35000+ mark in days to come else it could test its support level of 33800 again

Close below 33800 will take to 33500----33300 and then to 32900 mark


Traders can trade with levels only.











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