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Friday, March 18, 2016

Update on Gold and Silver 18 Mar 2016








Gold





Yesterday... we recommended buying in Gold around 29420---29400. Flared and made a high of 29600 and now trading around 29400


Now what to expect???


Gold has support at 29250---28900 and Resistance at 29700---30200


It looks positive on charts and could test 29700---30200 mark


Any sharp panic will be buying opportunity in Gold with stop loss below 28900 on closing basis


Any reversal seems will update via App

















Silver





Not able to breach its support level of 36600 ad bounced back sharply to 38500 mark


Now what to expect???


Three consecutive closes + weekly close above 38100 will see sharp upside rally till 40000---41000+ mark in days to come


Any sharp panic will be buying opportunity in Silver


Stop loss below 36600














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