On 26th Feb I talked something on both Gold & Silver.
Silver already took the assumed route as thought.
The time has come to elaborate Gold with some more clarity which I already mentioned to my clients way back in feb 2013.
Gold currently at $1550/oz when this message posted where its certainly assumed to move further lower to $1541-1539/oz and $1530/oz where upside resistance seen at $1563/oz & $1572-1578/oz which it broke yesterday.
Below $1530/oz it becomes further weak where it could drift down to $1494/1487/oz
And a closing below $1487-1485/oz could take it lower upto $1428/oz
Closely watch these levels and let me know if it was good or bad.
Silver already took the assumed route as thought.
The time has come to elaborate Gold with some more clarity which I already mentioned to my clients way back in feb 2013.
Gold currently at $1550/oz when this message posted where its certainly assumed to move further lower to $1541-1539/oz and $1530/oz where upside resistance seen at $1563/oz & $1572-1578/oz which it broke yesterday.
Below $1530/oz it becomes further weak where it could drift down to $1494/1487/oz
And a closing below $1487-1485/oz could take it lower upto $1428/oz
Closely watch these levels and let me know if it was good or bad.
Gold hits low of $1539/oz as of yet...in line.
ReplyDeleteLater on we gave the support level at $1350/1314/oz
ReplyDelete