Gold
Not able to close below 29240 and bounced back sharply again to
29568 mark. Today we bought Gold around 29420---29400 but booked full profit
Now what to expect???
Support at 29240---29150 and Resistance at 29600
Two consecutive closes above 29600 will take to 29850---30000+
mark in days to come else it could test its support level of 29480 and then to
29280---29240 mark again
Further downside panic will see only weekly close below 29150
mark
Traders can trade with levels only
Silver
We recommended buying in Silver around 39200. Flared and made a
high of 40049. We clearly indicated to book part profit around 40000---40050
mark
Now what to expect???
Hurdle at 40200. Three consecutive closes + weekly close above
40200 will see more upside rally in it
Support seen at 39600---39000
Any reversal seems will update via SMS... Till then traders can
trade with levels only and wait for confirmation
