Gold and silver - Market is very volatile and we have seen both side movements. Both are moving in sideways from past few days and has failed to break previous highs....
There is a possibility of big drop coming in 2 days......
Long term traders can add more buy positions on these drops....Long term trend is still positive as said earlier.....but retracements are unavoidable....so don't Panic
Short term traders can sell on rise with previous high as SL ......SMALL TRADERS SHOULD STAY AWAY OR ENTER THE TRADE UNLESS STRONG MOVEMENT ON EITHER SIDE IS SEEN....
Day traders can keep a strict SL and trade for drop......
Gold may drop from levels near 28000 and silver may drop from level near 39000-39350
Expected drop levels Gold 26600-26500 and Silver 36000 OR more down
There is a possibility of big drop coming in 2 days......
Long term traders can add more buy positions on these drops....Long term trend is still positive as said earlier.....but retracements are unavoidable....so don't Panic
Short term traders can sell on rise with previous high as SL ......SMALL TRADERS SHOULD STAY AWAY OR ENTER THE TRADE UNLESS STRONG MOVEMENT ON EITHER SIDE IS SEEN....
Day traders can keep a strict SL and trade for drop......
Gold may drop from levels near 28000 and silver may drop from level near 39000-39350
Expected drop levels Gold 26600-26500 and Silver 36000 OR more down