Intraday Gold trend
Despite growing demand from China and India gold is making lows . Its testing new lows every day and intraday buyers are getting hammers since last one week . Today gold price trading at 1081$ . Today we have some major data which may effect gold fate for today in evening session . Will update that list in last .
Today gold price has a support level at 1074$ once market break this and sustain below our intraday support then expect comex gold to correct upto 1065$ – 1055$ today .
If gold price manage to click our intraday resistance at 1092$ and sustain above our resistance mark then expect comex gold to give a respite upto 1100$ – 1107$ today to buyers .
Intraday gold trend conclusion : Trend is still weak so avoid any major buying .
Intraday Silver trend
Silver price also feeling pressure and its making new lows every day . Intraday its kept crashing and cementing its weak trend . Currently prices are trading at 14.30$ . A good support in silver today at 14$ once market break this intraday support and sustain below our support mark then expect comex silver to correct upto 13.70$ – 13.50$ today .
A good resistance in silver price at 14.55$ once market break this and sustain above our intraday resistance then expect comex silver to give buyers a relief upto 14.80$ – 15$ today .
Silver intraday trend conclusion : Trend is weak so avoid any major buying .
More will update to our gold silver signal subscribers .
Here are Major data list for today .
US Core Retail sales ( Mom ) Oct
US PPI ( Mom ) Oct
US Retail sales ( Mom ) Oct
US Business Inventories ( Mom ) Sep