In the past few trading session, Bullions slipped from the higher levels as the war-like situation between US and Iran took a backseat. US-China is about to sign the phase 1 of their trade deal tomorrow, which is building a positive sentiment in the world market as a result of which we saw a correction in Gold.
Technical Levels:
Gold
Gold has its immediate support at 39250 and resistance is seen at 39650.
Break and close below 39250 will see further correction in it till 39050---38750 levels or else it can touch its resistance level of 39650 again.
The correction in Gold is likely to continue, do not jump to buy yet. If any positive reversal will be seen, we will provide a further updates.
Trade with levels only.
Silver
Silver has its major support at 45750 and resistance is seen at 46550
Break and close below 45750 will see a downside panic till 45050---44600 levels in the coming days.
If it will be unable to sustain below 45750 levels, then we can expect it touch its resistance level of 46550 again
No positive sign in Silver is seen yet, do not jump to buy. If any positive reversal will be seen, we will provide a further updates.
Trade with levels only.
