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Thursday, March 5, 2015

March month outlook



                                                                                Gold

Good trading sessions in the gold for the February month .... In NYSE gold has dropped 5.17% in February month. It hit the highest point of  $1286.50 Low of 1190.00 and manages to close at 1213.70. As per my calculations i am giving the support and resistance levels..
R1:  1270.10
R2:  1326.55
R3:  1366.65
S1:  1173.60
S2:  1133.55
S3:  1077.15
From Chart, it seems for Gold there is a minor down trend started. See the trading levels in the below chart. Be cautious while taking long positions and maintain strict stop loss.



Silver


Good trading sessions in the silver for the February month .... In NYSE silver has dropped 4.00% in February month. It hit the highest point of  $17.780 Low of 16.085 and manages to close at 16.558. As per my calculations i am giving the support and resistance levels..
R1:  17.530
R2: 18.500
R3:  19.225
S1:  15.835
S2:  15.115
S3:  14.140

From Chart, it seems for Silver there is a minor down trend started. See the trading levels in the below chart. Be cautious while taking long positions and maintain strict stop loss. The two sudden down-lines indicates how volatile it is. Be awake and cautious while trading.