Gold: Gold trading range for the day is 29650-29300. Gold is getting support at 29400 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29540, a move above could see prices testing 29650. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29300 levels. Traders can initiate long positions on every dip until Gold closes below 29300 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29650
|
29550
|
29400
|
29300
|
BULLISH
|
Silver: Silver trading range for the day is 40000-39100. Technically Silver is getting support at 39400 and below same could see a test of 39100 level, And resistance is now likely to be seen at 39600, a move above could see prices testing 40000. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39400 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40300
|
39600
|
39400
|
39100
|
BULLISH
|
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