Gold analysis
Gold prices tumbled yesterday and made low of 1081$ now trading at 1088$ , yesterday fall came as a surprise while Dollar Index were pretty lower and all forex indicators did not gave a sell signal but yet it cracked , Today a good support in gold at 1077$ if price break this and sustain below this technical support today then expect gold to correct upto 1068$ – 1057$ today
If gold price click our resistance at 1098$ and sustain above our trading resistance then expect gold price to fire upto 1105$ – 1111$ today
Gold analysis conclusion : Gold trend is still stuck in our same range and its flat to negative
Silver analysis
Silver tumbled below our major support of 14.45$ and made low of 14.38$ but it didnt hold and fired back with good volumes clearly indicating its holding our support however we would like to shift our support at 14.38$ due to today’s low once silver break and sustain below this major support today then expect 14.20$ – 14$
If silver prices click our resistance at 15$ and sustain above our resistance then expect silver to fire upto 15.20$ – 15.50$
Silver analysis conclusion : Silver trend is flat for now
More will update to our subscribers