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Monday 11 July 2011

Precious metal rebound

Gold turned upwards by the weekly support at 1482


$1443-1482-1508-1553-1578


( $ 1540-1542)


Gold is supposed to produce some new all-time highs  !




Today  is the major resistance is 55800($37.2)
And again support at $35.8/35
(rs53700/52500 these are the main levels to rebound silver for the possible target 55800/60000 ) 


Silver At 37.20 there is a trend line that seems to play an important part 



 If silver takes that resistance in the course of next week it would be a very strong buy signal. The 40$ would be the target! 





Possible Target


Mcx rs.55800 is the resistance if it breaks and takes as a support trgt would be rs.60000 in this week

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