September 26, 2011

SILVER Bounced from 100 Week SMA

  • SILVER fell below 50% Fibonacci retrace level and took support above the golden ratio(61.8%)
  • Now price is back to 50% Fibonacci level price should sustain above this level for the up move to continue.
  • 100 Week SMA stopped today's slide.
  • 32.30 will act as resistance level if the up move continues.
  • GOLD RESISTANCE LEVELS

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