Downward trend has increased in Gold and Silver at MCX Gold has gone below 26500 and Silver slipped below 36000 level. The US GDP figures showed yesterday, which were quite good than expected. Dollar strengthened and Gold price touched below $1190 level today while Silver slipped to 4.5 year level. It is considered that soon gold may touch below Rs 26000 level .
MCX Silver 05DEC2014 future Sell below 35695 target 35349 stop loss 35995.