13-May Silver Live Chart, Intraday Trading Tips-Money Maker

Live Silver Chart Minor profit booking was noted in the Gold futures June contract after a decline that has taken prices to levels of Rs 29700 per 10 grams this week. The prices closed at Rs 29900 per 10 grams on 12 May 2016, against Rs 29932 per 10 grams on 11 May 2016. The prices are near important levels of Rs 30000 per 10 grams and forming a bullish reversal pattern. Yellow metal is now at a level from where gates towards Rs 30100 per 10 grams have been opened. The gains towards Rs 30100 and 30150 per 10 grams can happen in Gold prices in coming week. However a correction below Rs 29800 can prove decimating for Gold. On the lower side Rs 29900 per 10 grams is acting as a support zone. The prices tested a low of Rs 29757 and a high of Rs 30095 per 10 grams.

Silver (JULY)-  RESISTANCE2:41850
                             RESISTANCE1:41400
                             SUPPORT1:40400
                             SUPPORT2:40000

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