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Monday, July 11, 2016

Update on Gold and Silver 11 July 2016





Gold





Support at 31450---31300 and Resistance at 31900






 Looks weak and could test its support level of 31450---31300 mark. Further downside panic will see only close below 31300 mark else it could test its resistance level of 31900 again


Close above 31900 will see further upside rally till 32400---32700+ mark 


Trade with levels only











Silver






Support at 47750 and Resistance at 48300---48700







Break and sustain below 47750 will take to 47100---46800 and then to 46000 mark in days to come else it could test its resistance level of 48300---48700 again


Further upside rally will see only close above 48700 mark


Trade with levels only























More will update soon!!