Gold
Panic continues... Below $1260... our target was $1225---$1210. Just made a low of $1200. On MCX division too Gold made a low of 28445 mark
Now what to expect???
Close below 28400 will see further downside panic till 28320---28250 mark. Three consecutive closes + weekly close below 28250 will see free fall in Gold in days to come else it could test its resistance level of 28760 again
Further upside rally will see only close above 28760 mark
Silver
Too crashed and made a low of 38400. Clearly indicated that below 39400.... panic remain continue
Now what to expect???
Break and close below 38400 will take to 37800---37500 and then to 36800 mark in days to come
Hurdle intact 38900---39150
More will update soon!!
