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