Wednesday, January 12, 2011
In My previous posting on silver as i mentioned ,Silver support levels 28.88-28.32.
Silver has got support @ these levels and moving towards old highs.
Now 29.98 breakout is important for further highs.(cmp29.69).
Oct 14th 2010 Gold made high of 1386.80 and fell from there to 1314.
From Oct 14th 2010 to Jan 13th 2011= 89 fib days.
Today gold stopped its up move at 1386.80 till now.
1386.80 is time and price squaring according to Gann.(90 days).
1387 breakout next minor hurdles for gold 1392 &1397.
once these 2 levels breakout ..then more chance to reach
old highs or evn new highs..in coming days
If not breakout 1397 then there is a possibility of 1365 & 1344 levels down side