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Monday, February 15, 2016

Update on Gold and Silver 15 Feb 2016






In evening session. We will expect range bound trading with little bit volatility due to US holiday on account of Observance of Presidents' Day. 



So traders can trade safely with levels only... Anything seems will update via App.



Gold






We have seen high volatility in Gold. It made a high of 30095 and crashed vertically to 28717 mark and trading around 28750


Now what to expect???


Close below 28700 will see further downside move till 28620---28550 and then to 28200---28050 else it could test its resistance level of 28900---29050 and then to 29300 mark again


Traders can trade safely with levels only.








Silver






Support at 36800 and Resistance at 37300---38050

Close below 36800 will take to 36400---36000 and then to 35400 mark in days to come else it could test its resistance level of 37300 and then to 37700---38050 mark in days to come



Traders can trade in a range with strict stop loss.. Anything seems will update via App.










More will be update soon only on our Android App.