Tuesday, 26 August 2014

News About Gold & Silver

Gold prices are expected to have resistance at $1285 i.e. Rs.27900 and prices are expected to trade sideways to lower till it remains below this. On lower side prices can test $1270 i.e. Rs.27600 and a close below this level will take prices towards Rs.27300 in coming days. Only a breakout above Rs.27900 can take prices further higher towards Rs28030.

Silver prices are expected to have channel line support around Rs.41700 and bounce can be seen there. On higher side prices have crucial resistance at Rs42300 and fresh upside can be seen only above this else prices can remain in this range. On lower side, prices should not fall below Rs.41500 to maintain corrective upside view.

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