Gold still remains on bullish side till above 25200 on daily closing basis.....
But we have seen resistance at 26123 and can expect some down side retracements till 25680-25690 zone .....which may be good buying zone if it reach there.....otherwise below 25670 Gold can retrace till 25240-25260
Gold will face strong resistance at 25300+ levels and may fall from there to above levels....only if it takes out 25700 level ...
Now Gold will trade sideways so I will prefer Sell on rise and buy on dips strategy....MACD and RSI can help to decide entry/exit....But having said so....Gold will break upside eventually for more upside targets....We may see new high by end of March....Gold still has potential to go till 26800-26900 levels where we may see drop again .....Long term targets still remains at 32000+ levels
Silver is weak and may fall further
Further to this fall in Crude will help Gold go up.....Crude will have worst year 2016
But we have seen resistance at 26123 and can expect some down side retracements till 25680-25690 zone .....which may be good buying zone if it reach there.....otherwise below 25670 Gold can retrace till 25240-25260
Gold will face strong resistance at 25300+ levels and may fall from there to above levels....only if it takes out 25700 level ...
Now Gold will trade sideways so I will prefer Sell on rise and buy on dips strategy....MACD and RSI can help to decide entry/exit....But having said so....Gold will break upside eventually for more upside targets....We may see new high by end of March....Gold still has potential to go till 26800-26900 levels where we may see drop again .....Long term targets still remains at 32000+ levels
Silver is weak and may fall further
Further to this fall in Crude will help Gold go up.....Crude will have worst year 2016