Gold: Gold trading range for the day is 30000-29600. 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 29850, a move above could see prices testing 29950. Gold has entered into a negative zone and traders can hold short positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above 30000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30000
|
29950
|
29730
|
29500
|
Bearish
|
Silver: Silver trading range for the day is 40700-40000. Technically Silver is getting support at 40190 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40500, 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 40200 levels
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40700
|
40500
|
40100
|
39900
|
Bearish
|
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