Gold: Gold trading range for the day is 29450-29750. Gold is getting support at 29500 and below same could see a test of 29450 level, And resistance is now likely to be seen at 29680, a move above could see prices testing 29750. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29500 levels. Traders can initiate long positions on every dip until Gold closes below 29500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29750
|
29680
|
29500
|
29450
|
BULLISH
|
Silver: Silver trading range for the day is 39500-40200. Technically Silver is getting support at 39700 and below same could see a test of 39500 level, And resistance is now likely to be seen at 39950, a move above could see prices testing 40200. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40200
|
39950
|
39500
|
39200
|
BULLISH
|
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