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Friday, March 4, 2016

Update on Gold and Silver 04 Mar 2016





Well tons of money minted by them who paid proper attention!!
(You know what we mean?)






Gold






Yesterday... we clearly indicated to buy Gold around 29400 with stop loss below 29240. Flared and made a high of 29786



Now what to expect???



Support at 29500---29200 and Resistance at 29900


Looks positive and could test its resistance level of 29900 mark. Three consecutive closes + weekly close above 29900 will see fire in Gold till 30400---30700+ mark in days to come


Fresh selling can initiate only close below 29200 mark


Above $1249... our target intact $1290---$1305 mark and then to ???


You all know... Above $1156. Our target intact $1339


Just trade with levels only









Silver






 Yesterday we recommended that above 36600 we will see rally in Silver of 550---800 point i.e. 37150---37400. Just made a high of 37292


Now what to expect???




Three consecutive closes + weekly close above 37400 will see sharp upside rally in Silver


Support intact at 36600---35700


Fresh selling can initiate only weekly close below 35700


Trade with levels only














More will be update soon... stay tuned!!