Gold
Yesterday Gold unable to breach its support level of 29240 and bounced back sharply to 29936 mark. We recommended buying above 29500 mark.
Today again... we recommended buying in Gold around 28420---28400. Just made a high of 29690
Now what to expect???
Still looks positive and could test 29800---29900. Further upside rally seen only weekly close above 29930 mark. Three consecutive closes + weekly close above 29930 will see non stop rally in Gold till 30600---31000+ mark in days to come
Fresh selling can initiate only weekly close below 29240 mark
Trade with levels only
Silver
Support at 37000 and Resistance at 37600---38000
Looks positive and could test its resistance level of 37600---38000. Further upside rally seen only weekly close above 38000 mark
Close below 37000 will take to 36700---36400
Three consecutive closes + weekly close below 36400 will see free fall in Silver till ???
Trade with levels only.
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