Gold: Gold trading range for the day is 29800-29500. Gold is getting support at 29750 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29860, a move above could see prices testing 29800. Gold has entered into a negative zone and traders can hold short positions until Gold closes above 29900 levels. Traders can initiate short positions on every rise until Gold closes above 29900 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29900
|
29700
|
29550
|
29400
|
Bearish
|
Silver: Silver trading range for the day is 40600-39600. Technically Silver is getting support at 39900 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40400, a move above could see prices testing 40600. 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
|
40600
|
40400
|
40000
|
39400
|
Bearish
|
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