Gold market analysis
Gold ( XAU/USD ) prices trading in a flat range since 2 weeks and now its crawling at 1095$ it made high at 1102$ last friday and retraced back clearly showing a resistance at 1105$ range , till market does not break this resistance its in weak channel , once gold price break this and sustain above this level then expect 1109$ – 1117$ today
If gold price click our technical support at 1087$ and sustain beneath this trading zone then expect gold to correct upto 1081$ – 1074$ today
Gold market analysis conclusion : No major trend in gold today so just follow levels
Silver market analysis
Silver ( XAG/USD ) prices trading at 14.74$ its stuck between 14.50$ and 15$ since 4 weeks and its trading in same zone 20 cents here or there in intraday , Today if silver price manage to click our resistance at 15.02$ and sustain above this trading zone then expect silver to test upto 15.25$ – 15.55$
If silver price manage to click our technical support today at 14.45$ and manage to sustain below this trading zone then expect silver to correct upto 14.20$ – 14$ today
Silver market analysis conclusion : No major trend in silver prices , just follow levels
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