Friday, June 08, 2012
Gold Silver Resistance Support & Tips For Today
Support – 28997.00, 28677.00, 28141.00
Resistance - 29853.00 , 30389.00, 30709.00
Support – 53370.00, 52650.00, 51460.00
Resistance – 55280.00, 56470.00, 57190.00
Gold Tips – Buy Gold on dips around 29,800-29,750/10gms with Stop Loss below 29,600/10gm and targets of around 30,200-30,300/10gms.
Silver Tips – Experts believe that Silver prices are expected to move down and touch levels around 54,300/kg and anytime rise in price between 55,600 and 55,700/kg should be used as selling with stop loss of 56,300/kg for downside target of 54,700/kg and below that 54,300/kg.
Gold prices slid more than 1% on Friday, extending losses from the previous session when US central bank chief Ben Bernanke disappointed investors by giving few hints on imminent monetary stimulus. Spot gold dropped as low as USD 1,561.44 an ounce, its least in a week, and traded at USD 1,566.29 by 0229 GMT. US gold futures contract for August delivery fell 1.2% to USD 1,568.30.
Click here for more Gold News and Updates