Gold
Our sell call target of 30700---30600 almost achieved. We booked full profit and now waiting for fresh entry
Now what to expect???
Gold is forming Double top pattern on daily chart on Comex division and currently trading around $1305
It has support at $1304---$1296 and Resistance at $1370
It has support at $1304---$1296 and Resistance at $1370
Break and sustain below $1304 will take to $1300---$1296. Three consecutive closes + weekly close below $1296 will see sharp downside panic in it.
Double top pattern indicated target level of $1240---$1225 and then to $1180 mark in days to come
Immediate hurdle at $1326---$1334
On MCX division.. Gold has support at 30600. Three consecutive closes + weekly close below 30600 will see sharp downside panic till 30200---30000 and then to 29500 mark in days to come
Hurdle at 30900---31050
Trade with levels only... More will update to our subscribers
Silver
Support at $18.30 and Resistance at $18.80---$19.20
Close below $18.30 will take to $17.50---$17.20 and then to $16.50 mark in days to come else it could test its resistance level of $18.80---$19.20 again
Further upside rally will see only close above $19.20
On MCX division, Weekly close below 44500 will take to 43800---43500 and then to 42300 mark in days to come
Hurdle and Stop loss 45700
