Gold
Above 30280... our target was 30700---30800. It made a
high of 31119 and now trading around 30950
Now what to expect???
Support at 30800 and Resistance at 31150
Close above 31150 will take to 31400---31550+ mark in days to
come else it could test its support level of 30800 again
Further downside panic will see only close below 30800 mark
On Weekly chart.... Three consecutive closes + weekly close
above 30800 will see non stop rally till 32000+ mark in days to come
Major support at 30400
Silver
As expected... Rally continues and made a high of 42441 and now
trading around 42200
Now what to expect???
Support at 42000---41250 and Resistance at 42500
Close above 42500 will take to 43300---43800+ mark in days to
come else it could test its support level of 42000 and then to 41600---41450
again
More and more downside panic will see only close below 41250
mark
Trade with levels only
More will update soon...
