Tuesday, May 29, 2012

Gold and Silver Support and Resistance For Today

Gold -
R3 – 29225.67, R2 – 29140.33, R1 - 29052.67 , PP - 28967.33 ,
S1 – 28879.67, S2 - 28794.33 , S3 - 28706.67
Silver -
R3 - 55276.33 , R2 - 55071.67 , R1 - 54711.33 , PP - 54506.67 ,
S1 - 54146.33 , S2 - 53941.67 , S3 - 53581.33

DAILY GOLD AND SILVER TREND AND UPDATES....CLICK HERE

Experts believe that Gold is going to outperform other precious metals (Mainly Silver) this year and also believes that gold may face some near term downside risk
should the unstable outlook in Europe lead to more strength in the U.S. Dollar. Spot gold again closed lower and is set for its worst run of monthly losses since 1999, as concern over Europe’s fiscal turmoil continues push Euro lower & boosting dollar's demand.

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