Feb Month Gold and Silver Resistance and Support levels and Outlook

Gold

Good trading sessions in the gold for the January month .... In NYSE gold had a good monthly gaining 8.05% in January month. It hit the highest point of  $1308.00 Low of 1168.30 and manages to close at 1279.20. As per my calculations i am giving the support and resistance levels..

R1:  1335.35

R2:  1391.50
R3:  1475.10 
S1:  1195.65

S2:  1112.10
S3:  1056.00

From Chart, it seems for Gold there is a minor down trend started. See the trading levels in the below chart. Be cautious while taking long positions and maintain strict stop loss.

Silver

Good trading sessions in the silver for the January month .... In NYSE gold had a good monthly gaining 10.56% in January month. It hit the highest point of  $18.505 Low of 15.510 and manages to close at 17.208. As per my calculations i am giving the support and resistance levels..

R1:  18.639

R2:  20.069
R3:  21.634

S1:  15.644

S2:  14.079
S3:  12.649

From Chart, it seems for Silver there is a minor down trend started. See the trading levels in the below chart. Be cautious while taking long positions and maintain strict stop loss. The two sudden down-lines indicates how volatile it is. Be awake and cautious while trading.