Posted by: Babu Suresh | March 3, 2009

Spot-Gold-Chart-03-Mar-09

Spot-Gold-Chart-1H ChartsSpot-Gold-1H-Chart-03-03-09

Spot Gold is obviously desperate to hold on to her very nearest support $919 in the absence of any credible developments with the possible resistances $929 & $940.

I would be looking at $894 as her next support.

Spot-Silver-1H-Spot-Silver-1H-Chart-03-03-09Charts

Having firmly breached all the known supports, Spot Silver stands to move up once she decidedly breaks her resistance $12.74, which I hope could happen today, with her resistance at $13.05.

In the past we have seen, Silver not only follows Gold for her direction but also base metals. As there are good news emerging for base metals, Silver can take cue from them.

Healthy And Wealthy Trading

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