Can Percious metals (Gold & Silver) regain some charm in 2015 ?

GOLD

                                                                                                                             Daily Chart

•  Gold has been in a corrective move down from INR 34000 has tested levels of INR 24000 odd levels in 2014
• Can the shine in Yellow Metal regain back in 2015 is the question?
• Yes. Looks likely as charts suggest, Gold can regain bit of charm in near term.
•  As it has formed bullish H & S pattern and broken out with good volumes as shown in daily  charts
• Also Gold trading above 13 – DMA confirming strength in near term trend

SILVER

Daily Chart

• Silver after making a top around 65723 INR has been in a bear market for almost 28 months shaving off almost 50% in value making a low of 32623 INR level
•  As yellow metal, can white metal regain some charm in 2015 after a sustained bull market?
• Silver first time after more than two years has formed higher top and higher bottom breaking out of a bullish triangular on daily charts

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

Note: This report is for educational purpose and the specific levels have not been mentioned.