GOLD COMEX GCZ15
Gold comex traded between 1150 and 1191.30 and finally closed at 1183.10 last week on Firday. I am still expecting GCZ15 (Dec Gold) should trade above $ 1200-1222 before expiry and Silver above $ 17.40 receptively.
GOLD SUPPORT AT 1169-71 AND RESISTENCE 1187
Gold if break support 1169-71 seems to hit 1150-44 within 1-2 days, where buying is advisable for a target of minimum $ 1200. Also An aggressive short entry can work below 1170 with small stop 1176 for target price 1155.
SILVER SUPPORT AT 15.55 RESISTENCE 16.22
BUY ON DIP
Seems to making base to move higher may be above $ 52 within week one or two. Lower support at 45.85 closing.
Between range 2.375 to 2.44
Recommended sell one higher ..buy near support.
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