Gold: Gold trading range for the day is 29650-29050. Gold is getting support at 29650 and below same could see a test of 29500 level, And resistance is now likely to be seen at 28950, a move above could see prices testing 29050. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 28650 levels. Traders can initiate long positions on every dip until Gold closes below 29500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29050
|
28950
|
29650
|
29500
|
BULLISH
|
Silver: Silver trading range for the day is 37600-38800. Technically Silver is getting support at 37900 and below same could see a test of 37600 level, And resistance is now likely to be seen at 38600, a move above could see prices testing 38800. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 37950 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
38900
|
38600
|
37950
|
37800
|
BULLISH
|
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