Gold
Told to buy around 29400 with stop loss of 29240. It made a high of 29638 and slipped again. We booked part profit around 29550
Now what to expect???
Support at 29050---28700 and Resistance at 29700
Close below 29050 will take to 28850---28700 mark. More and more panic will see only close below 28700 mark else it could test its resistance level of 29250---29400 and then to 29700+ mark in days to come
We will expect range bound trading in Gold for this week with high volatility. So traders can trade in a range with strict stop loss and wait for confirmation
Silver
Support at 36700---36400 and Resistance at 37600---38000
Below 37000... we will see panic till 36700---36400 mark. Further downside panic will see only close below 36400 mark else it could test its resistance level of 37600---38000 mark again
Further upside rally seen only weekly close above 38000 mark
Trade with levels only.
More will be update soon during market hours only on our Android App!!
