Gold analysis
Gold crashed yesterday after our sell signal initiated at 1157$ , its still near its lowest level and trading at 1145$ , gold has a good technical support at 1137$ if it breaks and manage to sustain below our gold support today then expect gold to correct upto 1130$ – 1124$ and Greece already approved bailout terms so bulls should be absense from today’s movement and bears may have upper hand today again so avoid any major buying without any breakout
Gold price has good resistance at 1154$ if gold click this and manage to sustain above this technical resistance today then a breather for gold bulls may come upto 1161$ – 1166$ today
Gold analysis conclusion : Gold trend is weak so avoid any major buy trade
Silver analysis
Silver crashed yesterday too after our sell signal initiated at 15.40$ it made low below 15$ and now trading at 15.03$ a crucial support in silver prices at 14.70$ if it breaks and sustain below this technical support then expect a deeper correction upto 14.50$ – 14.20$ today
If silver click our technical resistance of 15.25$ and sustain above our major hurdle then expect a breather for silver buyers upto 15.45$ – 15.70$ today
Silver analysis conclusion : Silver trend is weak so avoid any buying position
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