Wednesday, May 30, 2012

Gold Silver Support & Resistance For Today

Gold -
Support 1 – 28740, Support 2 – 28621, Support 3 – 28424
Resistance 1 – 29056, Resistance 2 – 29253, Resistance 3 – 29372
Silver -
Support 1 – 53541, Support 2 – 53118, Support 3 – 52446
Resistance 1 – 54636, Resistance 2 – 55308, Resistance 3 – 55731
Investors who are short in gold that if you have got gold at 29,100/10 grams then experts believes that its good to remain short, hold on those position and cover it at 28,600/10gm. They also believe that gold is weak and declining in value.
Globally Gold dipped to one week low today on wednesday following weaker euro and euro zone debt crises. Experts believes that due to strength in dollar and weakness in other currencies have kept gold and commodity lower.
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