Sunday, January 20, 2013

Gold and Silver under pressure.

Gold Chart


Gold is under pressure as seen form the chart.
MACD and RSI can move down from the descending resistance line.
Volume is decreasing which indicate no strong upside support is there.
Resistance at 30725-750.
Support at 30350-300.


Silver Chart.


Silver chart is indicating the same situation as gold.
Resistance at 60100
Support at 58900-59000


Regards
Rinkesh Jain





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