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Thursday, January 28, 2016

Update on Gold, Silver, Copper and Nickel










Gold



Support at 26680 and Resistance at 26900

Break and  closes below 26680 will see further panic till 26410---26240 else it could test its resistance level of 26900

Close above 26900 will see further upside rally till 27050---27225. More and more power will see only weekly close above 27225 mark

Trade with level only. Anything seems will update via SMS



Silver



Immediate downfall of 34500 and now trading around 35100

Now what to expect???

Support at 34500 and Resistance at 35400

Fresh buying can initiate only weekly close above 35400 will see non stop rally else it could test its support level of 34500 again. Close below 34500 will see further downside move till 33800---33500 mark

Traders can trade with levels only



Copper


Told to buy around 307---306. Made a high of 313 and now trading around 311

Now what to expect???

Close above 314 will see further upside rally till 319---323+ mark in days to come

Revise stop loss of 306



Nickel


Support at 575 and Resistance at 600

Two consecutive closes above 600 will see non stop rally till 625---640+ mark in days to come else it could test its support level of 575 again

Two consecutive closes below 575 will see further downside panic till 555---540 and then to 525 mark

Trade with levels only



























More will update soon...