BUY GOLD @ 28800
SL 28700 TGT 29000-29280.
SELL SILVER @ 40280 SL 40500 TGT 40100-40000.
Precious
metals are trading lower on COMEX today. We expect prices to trade range bound
for the day, after a near 1 percent decline in the previous session as
increased investor appetite for risk boosted equities and dulled demand for
safe-haven assets
Gold:
Gold is trading into
negative zone and traders can hold short positions until Gold closes
above 29166 levels. Traders can initiate short positions on every
rise until Gold closes above 29166 levels.
|
|
R2
|
R1
|
S1
|
S2
|
TREND
|
|
|
GOLD
|
28950
|
28800
|
28700
|
28500
|
SIDEWAYS
|
Silver: Silver is trading into negative zone and traders can go
short at every rise or hold short positions until Silver closes
above 41256 levels.
|
|
R2
|
R1
|
S1
|
S2
|
TREND
|
|
|
SILVER
|
40600
|
40400
|
42280
|
40000
|
SIDEWAYS
|
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