intraday gold silver trend 03 november 2015

By | November 3, 2015

Intraday Gold trend

Gold ( xauusd ) prices tested 1132$ yesterday we were holding positional gold sell from 1162$ for target of 1130$ . Our intraday gold signal initiated yesterday at 1141$ and it achieved target too . Today gold trading at 1137$ . A good resistance today at 1144$ once comex gold break this and sustain above our intraday resistance then expect market to test upto 1152$ – 1161$ today .

If gold prices click our technical support at 1125$ and sustain below our intraday support then expect market to test upto 1117$ – 1108$ today .

Gold trend conclusion : Gold trend is still weak but resistance is not far so stay alert if you are in short trade .

Intraday Silver trend

Yesterday silver made low of 15.25$ . Our positional silver signal target were 15.20$ which almost achieved and our mcx silver sell call which given yesterday also achieved target yesterday itself . Today silver price ┬átrading slightly higher at 15.44$ . A good resistance in silver today at 15.55$ once comex market break this and sustain above our intraday resistance then expect comex silver to roar upto 15.82$ – 16.12$ today .

If comex silver price break yesterday’s low of 15.25$ and sustain below this major intraday support then expect market to favour bears upto 15$ – 14.70$ today .Silver is higher than gold yesterday so clearly once silver break resistance then it would be a better buy than gold with stoploss of support . So keep an eye on support and resistance both to track silver movement today . Once silver cross today’s resistance then it would be pretty tough to break today’s support untill unless there is some negative data or negative event in the world .

Intraday silver trend conclusion : Silver trend is weak for now but resistance is not that far . So stay alert if you are short side .

Today we have major data which would effect gold silver movement , Here is list .

UK Construction PMI ( oct )

US Factory orders ( sept )

More will update to our signals subscribers .

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