Gold and silver both reached the target prices
I have mentioned in my previous blog on
17th August 2013 . Gold today
made a high of 1423 USD and silver made a high of 24.7080.
If we look at the given chart of gold we can
see that it had completed 38.2% retracement from the low of 1200. I expect some
consolidation before gold breaks above 1430 and move to 1480 and 1525 levels
Similarly silver should also consolidate after
a 33% rally from the lows of 18 USD to high of 24.70 USD. It may eventually
breakout and move towards 26.90 levels after consolidation.
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