Jan 12 - Jan16 2015 Gold and Silver Resistance and Support levels

Gold

Good trading sessions in the gold for trader .... In NYSE gold had a good session. It hit the highest point of  $1224.00 Low of 1187.80 and manages to close at 1223.40. This week we can expect good up move to based on Global news. As per my calculations i am giving the support and resistance levels..

R1:  1235.70

R2:  1247.90
R3:  1271.90

S1:  1199.50

S2:  1175.60
S3:  1163.30

Silver

In NYSE silver had a good session. It hit the highest point of  $16.740 and Low of 15.63 and manages to close at 16.52 That was good sign. As per my calculations i am giving the support and resistance levels..

R1: 16.96

R2: 17.41
R3: 18.07

S1:  15.85

S2:  15.18
S3:  14.74

Jan 2 2015 Gold and Silver Resistance and Support levels

Gold

Super run in the gold .... In NYSE gold had a good session. It hit the highest point of  $1203.90 Low of 1179.50 and manages to close at 1184.10. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..

R1:  1198.80

R2:  1213.50
R3:  1223.20

S1:  1174.40

S2:  1164.70
S3:  1150.00

Silver

In NYSE silver had a good session. It hit the highest point of  $16.310 and Low of 15.545 and manages to close at 15.695 That was good sign. As per my calculations i am giving the support and resistance levels..

R1: 16.155

R2: 16.615
R3: 16.920

S1:  15.390

S2:  15.085
S3:  14.625

 

The data need to be watch out:

German Manufacturing PMI (Dec)

GBP -  Manufacturing PMI (Dec)

USA - ISM Manufacturing PMI (Dec) 

USA - ISM Manufacturing Employment (Dec)