Commodities | Sep 20 2012
In gold US1785 is near term resistance and support is at US1750. Silver seems to be performing better than gold and if US35.00 is cleared suggest higher price action. Look for a break above US35.20 in order to add to the position.
Chart point:
Resistance for gold stands at US1785 and for silver it remains at US35.00. Support is at US1750 and US33.70 we have seen a solid move over the last week and should not be surprised to see some consolidation. Support is US1685 for Gold and for Silver it is at US 31.80. Momentum indicators cannot be trusted at the moment for a good signal.
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