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Spot silver prices gave crucial breakdown below $26.5 on Weekly close. Prices have already given breakdown below long term trend line in weekly. Prices are expected to target $22.7 which is 261.8% Fibonacci retracement level of consolidation from $35.4 to $30.5 which earlier halted at 161.8% Fibonacci retracement around $28.10%. So now prices should not move above $28.10 to remain weak. MACD is already in negative territory. Silver Spot prices now expected to fall to $22.7 (Rs.46000 around) and even $21.5 (Rs.45000) can also be seen in coming days. Silver prices should not move above $28.1 (Rs.52500) to remain weak.... Read Full report here @ http://www.live-market-tips.com/mcx-gold-silver-tips-and-commodity-trend-today-15th-april/

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Gold closed same as day before yesterday at $1386, as the advance was contained by the Fibonacci retracement levels at $1425. This is the 38.2% retracement of the decline of the April high of $1590. While the downtrend is still very much there but the trend is weakening as gold slowly moves higher. Still, we are neutral as we are trading within its range. Silver also closed at $21.81, but the trading volume is still low. There are a number of spinning tops present in the chats whish is characteristic of consolidation but the downtrend is still remain in the cards.... Get MCX Tips and Calls here- http://www.live-market-tips.com/mcx-tips-and-calls-today-for-gold-silver-and-copper/

SMF's powerful financial charting engine was designed by traders, for traders and features charting styles such as 3D Candlesticks, Renko, Kagi, Three Line Break, Point & Figure, Candlevolume, Equivolume, Shaded Equivolume, Heikin Ashi Candlesticks, Darvas Boxes, Line Studies such as Gann Fans, Fibonacci Retracements, Speed Lines and an exhaustive list of Technical Indicators plus much more. No other charting engine comes close to the flexibility and completeness of our charting engine. Complete source code is provided so that you may add your own custom formulas to the list of technical indicators, add additional display styles, properties and so forth.