21 February 2015

GOLD & SILVER OUTLOOK FOR 23 FEB 2015


Gold was little changed on Friday as investors eyed talks over Greek debt, but the metal was headed for its fourth straight weekly dip as a last-minute deal was expected to break the impasse over the Mediterranean country's bailout program me.Gold had initially seen some safe-haven bids as the uncertainty over the Greek crisis dragged on, but market concerns eased on hopes that a deal would be patched together. Spot Gold is at $1207. MCX Gold Apr is currently trading at `26278. It is trading up by `12 points for the day. Comex Silver is at $16.43. whereas MCX Silver Mar is currently trading at `36497,it is up by `77.

Gold
Feb 2015
Bullish Trend-26070, s1-25934 s2-25934,R1-26314 , R2-26487

Silver


Silver
Mar 2015
Bullish Trend-36170,s2-35698,R1-36670 ,R2-37030