Gold outlook
Gold price crashing continously and its already lost 80$ odd in last 5 trading sessions . Its trading at 1110$ . Today if price approach our support at 1098$ and sustain below our this intraday support then expect market to correct upto 1088$ – 1075$ today .
If gold prices click our intraday resistance at 1118$ and sustain above our today’s gold resistance then expect market to test upto 1127$ – 1138$ today .
Gold outlook conclusion : Gold trend is weak so avoid any major buy trade . But selling at these levels are not recommended either . Follow levels .
Silver outlook
Silver prices finally started falling and its testing major support of 15$ . Currently its trading at 15.04$ . Once market break 15$ and sustain below this level then more panic not ruled out in intraday trade upto 14.80$ – 14.55$ today .
If silver price click our intraday resistance at 15.25$ and sustain above our major resistance then expect market to test upto 15.50$ – 15.75$ in intraday trade today .
Silver outlook conclusion : Silver trend is weak . Avoid major buy for now
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