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Thursday, July 14, 2016

Update on Gold, Silver and Crude Oil 14 July 2016







Gold




Yesterday clearly indicated that Gold has hurdle at 31330. It unable to breach its resistance level of 31330 and crashed vertically to 30823 mark

Now what to expect???

Close below 30800 will see further downside panic till 30680---30620. Weekly close below 30600 will see further downside panic till 30200---30000 mark in days to come

Hurdle and stop loss intact 31200









Silver




Too unable to breach its resistance level of 48300---48700 and crashed vertically to 47190 mark

Now what to expect???

Close below 47450 will take to 46800---46500 and then to 45800 mark in days to come

Hurdle intact 48300---48700








Crude oil



Support at 2990 and Resistance at 3050---3080

Close below 2990 will take to 2880---2820 mark in days to come else it could test its resistance level of 3050---3080 again

Further upside rally will see only close above 3080 mark

Trade with levels only


















More will update soon!!