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Wednesday, June 15, 2016

Update on Gold and Silver 15 June 2016






Gold 




Yesterday we recommended buying in Gold around 30320---30300 and booked full profit around 30580


Now what to expect???


Support at 30250---30100 and Resistance at 30600

Still looks positive and could test its resistance level of 30600 mark. Two consecutive closes above 30600 will see more upside rally till 30900---31050+ mark in days to come else it could test its support level of 30250---30100 again


Further downside panic will see only close below 30100 mark

Trade with levels only







Silver





Support at 41000 and Resistance at 41600


Close above 41600 will take to 42000---42300 and then to 43000+ mark in days to come else it could test its support level of 41000 again


Further downside panic will see only close below 41000 mark


Trade with levels only













More will update soon!!