07 January 2011
Last close $28.67
From Recent high of 31.27 it had crashed yesterday to 28.325
Now ,What to expect from these levels ?
Two things u have to watch very carefully :
1) $28 & 27.79 are Short Term Support area for Traders.
Break below 27.79 will create more panic.
2) Major Support exis at 27.74 level.
Break and close below $27.74 for 3 Consecutive days +Weekly close will take to
$26.56—26.17 level in coming days.
Now ,What are Hurdles ?
Not Breaking low of 28.32 ,Then Hurdle at 29.06-29.24 level.
Last close $ 1368.90
From recent High of $ 1424 it had crashed Yesterday upto $1352.70
Now ,What to expect ?
-One thing is sure either it Gold or Silver both had lost mometum from last 1 week.
-Very volatile ,So its not traders mkt…….Pls dont trade blindly.
$1375 will act as Hurdle.
Crossover and close will take to 1389–1393 level.
(101% Revival should be considered as Best opportunity to sell only )
Crucial Support :$1352-1346
Break and close below 1346 will create unexpected bloodbath and it wil tumble upto 1328-1322 level very soon !!
Written previously and orally told to many subscribers…..Don’t hold long Silver ,GOLD from last 1 week !
Mail me at - mcxtipsguru@ymail.com
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