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Thursday, May 5, 2016

Update on Gold and Silver 05 May 2016








Gold





Today we recommended buying in Gold around 30080---30050 with stop loss below 29925. Just made a high of 30180

Now what to expect???

Support at 30050---29960 and Resistance at 30280

It looks positive and could test its resistance level of 30280. Once break and sustain above 30280 will see sharp upside rally till 30420---30480 and then to 30560 mark

Fresh selling can initiate only close below 29960. 

29800----29700 act as major support in Gold... Intraday trend looks positive on charts






Silver




Support at 41300---40800 and Resistance at 41600

Above 41600... we will see further upside rally till 42300---42700+ mark in days to come

In panic will buy... More levels and updates will provide only to our subscribers



















More will update soon....!!