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Tuesday, January 19, 2016

Update on Gold, Silver and Crude Oil....19 Jan, 2016






Gold





Support at 25920 and Resistance at 26130---26240

Close below 25920 will take to 25820---25760 and then to 25600. More and more panic will see only weekly close below 25500 else it could test its resistance level of 26130---26240 again

Further upside rally seen only weekly close above 26240 mark


Trade with levels only







Silver





Support at 33800 and Resistance at 34600

Close below 33800 will take to 33500---33300 and then to 32900 mark in days to come else it could test its resistance level of 34600 again

Further upside rally seen only close above 34600 mark

On Comex division, Silver has support at $13.60 and Resistance at $14.20. Either side break or close with volume will decide further.


Trade with levels only







Crude oil





Above 2025... will see rally till 2070---2100 and then to 2150 mark.

Support seen at 1980---1940





Trade with levels only!!


More will update soon!!