Gold: Gold trading range for the day is 29900-29500. Gold is getting support at
29600 and below same could see a test of 29450 level, And resistance is now likely
to be seen at 29800, a move above could see prices testing 30000. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 29800 levels. Traders can initiate short positions
on every rise until Gold closes above 29800 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
30000
|
29800
|
29600
|
29450
|
Bearish
|
Silver: Silver
trading range for the day is 40500-39800. Technically Silver is getting support
at 40100 and below same could see a test of 39800 level, And resistance is now
likely to be seen at 40400, a move above could see prices testing 40700. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 40400 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40800
|
40450
|
40100
|
39800
|
Bearish
|
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