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Monday, January 25, 2016

Update on Gold and Silver 25 Jan 2016







Gold




Support at $1080 and Resistance at $1110

Two consecutive closes above $1110 will take to $1123---$1128 and then to $1156+ mark in days to come else it could test its support level of $1080 again

Further downside panic will see only close below $1080 mark

On MCX division... Above 26080. We will see rally to remain continue till 26800---27050+ mark in days to come but trade with levels only. 

Anything seems will update via App







Silver





Support at $13.60 and Resistance at $14.80---$15.30

Looks positive and could test its resistance level of $14.80---$15.30 again

Fresh selling can initiate only weekly close below $13.60 mark

In panic will buy with stop loss of $13.60 on closing basis


On MCX division, Silver has support at 34200 and Resistance at 34600

Close above 34600 will see further upside rally til 34900---35350 and then to 36000+ mark in days to come 

Else it could test its support level of 34200 and then to 33600---33300 mark again

Further downside panic will see only weekly close below 32600 mark

Traders can trade with levels only










More will be update soon during market hours only on Android App.