Gold: Gold trading range for the day is 29450-29250. Gold is getting support at 29300 and below same could see a test of 29250 level, And resistance is now likely to be seen at 29370, a move above could see prices testing 29450. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29300 levels. Traders can initiate long positions on every dips until Gold closes below 29300 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29450
|
29370
|
29300
|
29100
|
BULLISH
|
Silver: Silver trading range for the day is 39300-38700. Technically Silver is getting support at 38900 and below same could see a test of 38700 level, And resistance is now likely to be seen at 39100, a move above could see prices testing 39300. Silver is trading into positive zone and traders can go long at every dips or hold long positions until Silver closes below 38900 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39300
|
39100
|
38900
|
38700
|
BULLISH
|
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