Gold & Silver Prices Surges Upton Year High

Large Surge In Gold & Silver Prices This Week, Bullion : Gold & Silver  Breaks Their Resistance Level Like Gold Breaks $ 1144 & Silver Breaks Their Resistance Level Of $ 18.12.

Before The Interest Meet Result Of Bank Of England & European Central Bank , Various Gold Funds Mangers Interested  In Buying gold For Safe Heaven Until The Greece Matter Not Over.

Greece Needs Around  20 - 25 Billion Euro To Cover Their Financial Deficit & Greece Also Took Many Steps To Cover Or Decreasing their Financial Deficit By Imposing More taxes.

On The Latest Issues Like Greece Bail Out, US-Russia Partnership On Decreasing their Nuclear Weapon & both Countries Warned Iran To Stop their Nuclear Program  Are Giving More Interest In Gold & Silver As Investment.

If Gold Able To Trade Above $ 1162 , Then We Look Prices to hit $ 1176 - 1190 Till All Tension Over & If Silver Able to trade Above $ 18.12 In Comex Then We For See Silver Prices at $ 18.60 - 18.84.

Unless Prices Moves In A Range Of $ 1120 - 1160 For Gold & for Silver it Moves In Range Of  $ 17.40 - 18.12.
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Technical Analysis On Gold For FEB

Gold charts Showing Weakness Under $ 1100, Its Hovering Around $ 1090 From Last 15 Days. But Now Gold charts Showing Weakness Under $ 1090. This type Volatility Continues Till 5  Feb Settlement. Various Fund Manager Also Waiting The Obama Policy On Banking . According CFTC Data , Many Commercials & Non - Commercial Traders Cover Their Long Positions In Comex.

The New Word " Gold Bubble " comes Into Focus In World Markets.

Gold Trend For Feb Depend On Levels, If Gold Not Able To Cross Under $ 1104 Then Trend Bearish  My Target $ 1082 - 1076 - 1062 - 1044 - 1032.
Above $ 1104 Levels Gold Trend Very strong My Target $ 1117 - 1138 - 1156. Gold Funds Managers Or Etf's Head Are Analyzing The Economic Situation but All Economic Factors Are In Favor For Booming Economy.

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