Gold Silver Support Resistance For Today

Gold Support - 29560, 29460, 29361

Resistance – 29759, 29858, 29958

Silver Support – 53231, 52950, 52743

Resistance – 53719, 53926, 54207

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Gold Silver Resistance Support & Tips For Today

Gold -

Support – 28997.00, 28677.00, 28141.00

Resistance - 29853.00 , 30389.00, 30709.00

Silver -

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.

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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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