Wednesday, 21 October 2015

Best Trading Tips for Gold and Silver by MarketMagnify

Gold:
Gold prices have managed to rebound from its session lows at 26913 levels. Any major upside momentum though is likely only if prices sustain above resistance at 27120 levels. Failure to trade above this level will see prices slip towards 26900 levels again. A decisive break below 26900 will extend the correction towards 26750/26700 zones. Momentum above 27120 will take prices higher towards 27210/27300 levels.


Silver:
The outlook on silver will be negative until prices stay below 37400 levels. Counter should test immediate support between 36700— 36600 zones. A break above 37400 will see prices head for a re-test of major resistance zones between 37650—37750 levels. A daily close below 36600 will see prices slip towards 36200/36000 levels.

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