Gold price trend
Gold continously outperforming silver since 2 days and now its zooming at 1162$ this move is powered by weak dollar and weak equity world markets , a good resistance now at 1171$ once gold sustain above this point then expect another fresh buy upto 1181$ – 1204$ today
If gold price click our technical support at 1148$ and sustain below this gold support then expect prices to correct upto 1137$ – 1128$ today
Gold price trend conclusion : Trend is positive for now
Silver price trend
More or less silver trading in yesterday’s range while gold fired 15-20$ from its yesterday’s range even yesterday silver find it hard to cross and today its not sustaining above our yesterday’s resistance of 15.62$ however it made high 15.66$ already but a sustain required to fresh up the buying assume resistance at 15.71$ above this power upto 15.92$ – 16.20$ not ruled out
If silver price click our support at 15.30$ and sustain below this level then expect prices to fall upto 15.05$ – 14.70$ again
Silver price trend :Trend is positive for now
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