In Commodity Technical Analysis, What is the trend for Gold & Silver? The Gold & silver seems to be in Bearish Mode slightly more.
Gold Technical Analysis
As per chart & technical study on Gold Technical Analysis, Gold seems to be in Downside direction from here. The gold price is widely followed by the financial markets all over the world.
Most Commonly Quotes in India – Gold price tends to increase as the Stock Market or Bonds falls down.
As per my study, Gold should be sorted from here then,
The 1st target will be 1780 Dollar
The 2nd target level will be 1778 dollar.
The extended target will be 1777.70 dollar.
If there is any bounce back from here then,
The Upside 1st target level will be 1782.65 Dollar,
The 2nd upside target level will be 1783.30 dollar.
Silver Technical Analysis
As per chart & technical study on Silver Technical Analysis, Silver seems to be in Downside direction from here. The silver price is widely followed by the financial markets all over the world.
Most Commonly Quotes in India – Silver price tends to increase as the Stock Market or Bonds falls down.
As per my study, Silver should be sorted from here then,
The 1st target will be 22.230 Dollar
The 2nd target level will be 22.195 dollar.
If there is any bounce back from here then,
The Upside 1st target level will be 22.300 Dollar,
The 2nd upside target level will be 22.350 dollar.
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL .Please also read the detailed Disclaimer mentioned in the left side of Blog.
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