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Wednesday, February 17, 2016

Update on Gold and Silver 17 Feb 2016





Gold







Yesterday we have seen high volatility in Gold. Below 28850... our target was 28620---28550. It made a low of 28425 and bounced back sharply again. Again we clearly indicated that above 28730... we will see rally again till 28900---29050 mark.



Now what to expect???



Gold has support at 28500---28350 and Resistance at 29100 mark

Close above 29100 will see sharp upside rally till 29400---29600 and then to 30200+ mark in days to come

Fresh selling can initiate only close below 28350 mark


Trade with levels only.









Silver










Support at 36700---36400 and Resistance at 37500
Either side break or close with volume will decide further.. Till then traders can trade in a range with levels only


Anything seems will update via App.









More will be update soon only on our Android App!!