GOLD:
Dollar Index relocated due to Euro zone worries and ended a 52-week high of 81.60. The Dollar Strength and fresh up side break out turned out to be a bad news of Commodity market and fright on selling cannot be ruled out.Few volatility was seen during last week, which results in it making a low of 27272 and high of 27945.54, and finally closed at 27765.25. The whole short-term trend is positive and decline to buy side as long as holds 27501-27201, higher-level stiff resistance at 28250-28300 and fresh buying only above that level. Reversal to sell side.
Trend Decider of this week: 27756.
SILVER:
As per mentioned last week, 53501-54100.25 are a stiff resistance and reversal was seen, and finally it made a low of 51000 and succeeded to close below 52001. Now in this week, consider resistance at 53000-53500.36, reversal to sell side. As long as below 54500, downside target 45000 cannot be ruled out.
Trend Decider of this week: 52120.45.
Dollar Index relocated due to Euro zone worries and ended a 52-week high of 81.60. The Dollar Strength and fresh up side break out turned out to be a bad news of Commodity market and fright on selling cannot be ruled out.Few volatility was seen during last week, which results in it making a low of 27272 and high of 27945.54, and finally closed at 27765.25. The whole short-term trend is positive and decline to buy side as long as holds 27501-27201, higher-level stiff resistance at 28250-28300 and fresh buying only above that level. Reversal to sell side.
Trend Decider of this week: 27756.
SILVER:
As per mentioned last week, 53501-54100.25 are a stiff resistance and reversal was seen, and finally it made a low of 51000 and succeeded to close below 52001. Now in this week, consider resistance at 53000-53500.36, reversal to sell side. As long as below 54500, downside target 45000 cannot be ruled out.
Trend Decider of this week: 52120.45.
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