Gold technical analysis
Gold ( Xau/Usd) prices trading flat at 1161$ , no major breakthrough despite a bailout was passed for Greece but market waiting for its execution as bailout’s condition is that greece has to paas reforms till wednesday then only this bailout package is valid so again a date and we have no other option but to wait till wednesday what actually happens with greece till then we will follow our technical levels , if gold price click our resistance of 1172$ and sustain above our major hurdle then expect gold to test upto 1182$ – 1191$ today
If gold price click our technical support at 1154$ and sustain below our major base level then expect a correction in prices upto 1146$ – 1138$
Gold technical analysis conclusion : No major trend in gold all moves should be within range so just follow levels only
Silver technical analysis
Silver ( Xag/Usd ) prices trading flat at 15.48$ , If it click our technical support at 15.25$ and sustain below our major level then expect a correction upto 15$ – 14.70$ today
If silver click our major resistance of 15.80$ and sustain above our hurdle then expect a runup upto 16$ – 16.30$ in prices today
Silver technical analysis conclusion : No major trend in market so just follow levels
More will update to our subscribers