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Saturday, October 1, 2011

Gold and Silver Weekly Technical and Fundamental Report Oct 03rd to 08th Oct’ 2011

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GOLD MARKET OVERVIEW and STRATEGY

COMEX Gold is in a technically weak on charts for short term. Last week COMEX Gold was not sustaining at higher level but was able to make a close above 1600$ an ounce. In the coming week
1500$ will act as a major support in COMEX Gold and 1920$ will act as a major resistance.
SILVER MARKET OVERVIEW
COMEX Silver is in a slightly downward in trend. Last week COMEX Silver was down for the whole week. For the upcoming week 2600 $ and 2400$ are the crucial supports and 3800$ and 4100$ are crucial resistance in COMEX Silver. In MCX Silver 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.
 
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