GOLD: (Feb 2012)
As mentioned in this column that for the last two week, major resistance for safe playing for bull, 29400 and think to buy side, downside it must hold 28300. It was unable to hold major weakness, and finally made a low of 27000+, which indicates weakness to continue. Now in this week, we may consider resistance at 27800-28000-28300, downside support to watch out at 27000, decisively break with volume likely, nonstop target of 25800-25000 in a few sessions. Higher level, be cautious of any buy side. Sell on rise strategy.
Trend Decider of this week: 27800
SILVER (March 2012)
Silver has been unable to hold and cross 57500-58500 in last few week, and we have seen big fall. It made a low of 5216 but some support and short covering resulted in it closing at 53458. Now in this week, we may consider resistance at 56500-57000, downside support exit at 53000-52500, break and trade below, it will further downside target at 50000-495000-48500. Close above 58500, it will show real move but chances are very remote.