SPOT GOLD LEVELS FOR 10.06.2009
966 above 970-977-979.
(Strong Res-979)
954 below 948-946-942-940-933-928
(Strong Supp-946, 942, 928)
Gold broke crucial support of $942 and managed to close above that. Any move beyond $966 would make Gold to move further till $980 levels. Only a close below $946 would prove weakness to Gold as it would enter consolidation phase between $946-$908. Possible selling would come at $980 & $1003 levels where caution is advised.
SPOT SILVER LEVELS FOR 10.06.2009
15.51 above 15.66-15.96.
(Strong Res-15.96)
15.11 below 14.94-14.89-14.79-14.55-14.52
(Strong Supp-14.94, 14.79, 14.52)
Silver is witnessing a bounce back after a sell off. Though it is holding $14.94 which is a crucial support for Silver we need to apply caution. Any fall to $14.52 could be used to Buy for intraday and a bounce back could happen from that levels. On the higher side if Silver closes above $15.51 then we could see some more upsides this week till $16-$16.25.
966 above 970-977-979.
(Strong Res-979)
954 below 948-946-942-940-933-928
(Strong Supp-946, 942, 928)
Gold broke crucial support of $942 and managed to close above that. Any move beyond $966 would make Gold to move further till $980 levels. Only a close below $946 would prove weakness to Gold as it would enter consolidation phase between $946-$908. Possible selling would come at $980 & $1003 levels where caution is advised.
SPOT SILVER LEVELS FOR 10.06.2009
15.51 above 15.66-15.96.
(Strong Res-15.96)
15.11 below 14.94-14.89-14.79-14.55-14.52
(Strong Supp-14.94, 14.79, 14.52)
Silver is witnessing a bounce back after a sell off. Though it is holding $14.94 which is a crucial support for Silver we need to apply caution. Any fall to $14.52 could be used to Buy for intraday and a bounce back could happen from that levels. On the higher side if Silver closes above $15.51 then we could see some more upsides this week till $16-$16.25.