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Friday, August 5, 2016

Update on Gold, Silver, Crude oil and Copper





Gold





Yesterday... Unable to breach its support level of 31500 and bounced back sharply to 31870 mark

Now what to expect???

Break and sustain below 31680 will take to 31560----31500 mark. Further downside panic will see only close below 31500 mark else it could test its resistance level of 31900---32050 again

Further upside rally will see only close above 32050 mark

Trade with levels only





Silver





Too unable to breach its support level of 46900 and bounced back to 47900

Now what to expect???

Support at 46900 and Resistance at 48000---48700

Close below 46900 will take to 46300---45800 and then to 45400 mark. More and more panic will see only close below 45400 mark else it could test its resistance level of 48000---48700 again

Further upside rally will see only close above 48700 mark

Trade with levels only





Crude oil





Hurdle at 2850 and Support at 2680---2620

Fresh buying can initiate only close above 2850 mark else it could test its support level of 2680---2620 again

Further downside panic will see only close below 2600 mark

Trade with levels only




Copper





Support at 318 and Resistance at 324

Close below 318 will take to 313---310 and then to 306 mark. Further downside panic will see only close below 306 mark else it could test its resistance level of 324 mark

Further upside rally will see only close above 324

Trade with levels only


Rest all same... To know more. Scroll down






















More will update soon...