Gold analysis
Gold price trading in same range since ysterday and today Iran nuclear deal signed it means all sanctions on Iran will be removed . A good sign for world economy and bad for gold , so if gold price click our technical support at 1148$ and sustain below our base support today then expect a correction upto 1138$ – 1125$
If gold click our technical resistance of 1166$ and sustain above our major hurdle then expect a breather for gold buyers upto 1177$ – 1191$ today
Gold analysis conclusion : Gold trend is flat to negative
Silver analysis
Silver price trading at 15.36$ almost in same range since yesterday , yesterday it made low of 15.28$ but then gone back to 15.50$ . Today silver need to break support of 15.20$ and sustain below our technical support to resume its selling upto 15$ – 14.70$ today
If silver click our technical resistance of 15.66$ and sustain above our major hurdle then expect a sign of relief for buyers upto 15.90$ – 16.20$ today
Silver analysis conclusion : Silver trend is weak for today
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