If we talk about 2015 and 2016 year then we are going to see a new high in Gold and silver and it my touch 35,000 and 75000.
But as now days their is less demand due to the economy rise in USA, we have to wait before we initiate our buying position.
in MCX Gold buying should initiate around 23000 and silver should bought around 33,000.
Do not get biased by this fall and do not expect a quick bounce in precious metal in coming days.( for short term Gold and silver will be in bearish term but for long term it is clearly bullish in both Technical and fundamentally).
But as now days their is less demand due to the economy rise in USA, we have to wait before we initiate our buying position.
in MCX Gold buying should initiate around 23000 and silver should bought around 33,000.
Do not get biased by this fall and do not expect a quick bounce in precious metal in coming days.( for short term Gold and silver will be in bearish term but for long term it is clearly bullish in both Technical and fundamentally).
