Sunday, July 26, 2015

Gold and Silver

Continue to sell down tested the support 1072 and rebounded.  

With US interest rate hike just around the corner, inflation remained low.  Europe issue did not result sustainable rise in Gold price, Gold will be heading to test next support level which is 995.
Potential Resistance 1,155, 1,224 and 1,293
Potential Support 1,072, and 995

Broke hlf in weekly chart, likely silver will try to test 14.22 (recent low)

Potential Resistance 14.74, 15.58 and 16.68
Potential Support 14.22 and 12.70

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