Monday, September 26, 2011

Technical Analysis 26/09/2011

Gold
The trading range for this week is among the key support at 1492.00 and key resistance now at 1785.00.
The general trend over the short term basis is to the upside targeting 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing.

Support: 1575.00, 1540.00, 1525.00, 1490.00, 1475.00
Resistance: 1610.00, 1635.00, 1648.00, 1673.00, 1702.00


Silver
The trading range for this week is among the key support at 22.50 and key resistance now at 31.20.
The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.

Support: 27.15, 26.10, 25.55, 24.95, 24.25
Resistance: 28.85, 29.15, 30.20, 30.85, 31.20