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SPOT GOLD SPOT GOLD DAILY OUTLOOK : +1590.00+

Update Time:09 Apr 2013 17:40GMT

Gold's intra-day strg rebound n subsequent breach of y'day's high at 1582.80 suggests recent decline as indeed made a temporary low at 1540.50 n consolidation with upside bias is seen for gain to 1590.40 (prev. sup, now res), however, res 1604.00 shud limit upside n bring another fall later.

Trade fm long side with stop now as indicated n only below 1576.10 signals aforesaid recovery is
over, risk further weakness to 1567.70.

STRATEGY : +Target met+
POSITION : Long at 1574.70
OBJECTIVE : 1590.00
RESISTANCE : 1590.40/1604.00/1608.20
SUPPORT : 1576.10/1567.70/1559.70
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SPOT SILVER DAILY OUTLOOK : +27.52+

Update Time:09 Apr 2013 14:13GMT

Silver's strg rebound fm Thur's 26.67 low to 27.42 suggests decline fm 35.36 (Oct) has made a temp. low there but only abv 27.97 wud confirm, 28.17.

Trade fm long side n only below y'day's 27.17 low risks stronger retracement to 27.00/02.

STRATEGY : +Target met+
POSITION : Long at 27.37
OBJECTIVE : 27.52
RESISTANCE : 27.42/27.97/28.17
SUPPORT : 27.17/26.81/26.67