SELL
GOLD 29600 SL 29750 TGT 29500-29400.
SELL
SILVER 39850 SL 40500 TGT 39700-39500.
Gold: Gold trading range for the day is 29650-29400. Gold is getting support at
29540 and below same could see a test of 29400 level, And resistance is now likely
to be seen at 29620, a move above could see prices testing 29750. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 29650 levels. Traders can initiate short positions
on every rise until Gold closes above 29650 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29750
|
29620
|
29540
|
29400
|
Bearish
|
Silver: Silver
trading range for the day is 39950-39500. Technically Silver is getting support
at 39700 and below same could see a test of 39400 level, And resistance is now
likely to be seen at 39880, a move above could see prices testing 39950. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 40000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
41800
|
41650
|
39700
|
39400
|
Bearish
|
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