Gold is in bearish trend for medium-long term. Gold is currently moving in sideways and now trading in overbought level. The oscillator is showing sell signal and has moved down to its previous low with good volume points to a negative break out.
Support: 27045. Resistance: 27815 - 28490.
Traders are advised to buy Gold above 27388.10 with a stop of 27199.10. Below 27173.4 go for sell.
Silver is currently in downtrend with good momentum but volume is unsatisfactory and the open interest is not increasing with trend.
Support: 50090. Resistance: 53726 - 56442
Traders are advised to sell Silver if open below 49841.5 with stop loss at 51433.5 or sell below 49147. Buy only above 52129.7
Support: 27045. Resistance: 27815 - 28490.
Traders are advised to buy Gold above 27388.10 with a stop of 27199.10. Below 27173.4 go for sell.
Silver is currently in downtrend with good momentum but volume is unsatisfactory and the open interest is not increasing with trend.
Support: 50090. Resistance: 53726 - 56442
Traders are advised to sell Silver if open below 49841.5 with stop loss at 51433.5 or sell below 49147. Buy only above 52129.7
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