Gold: Gold trading range for the day is 30000-29700. Gold is getting support at
29800 and below same could see a test of 29700 level, And resistance is now likely
to be seen at 30000, a move above could see prices testing 30150. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 30000 levels. Traders can initiate short positions
on every rise until Gold closes above 30000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
30150
|
30000
|
29800
|
29700
|
Bearish
|
Silver: Silver
trading range for the day is 40200-39600. Technically Silver is getting support
at 39800 and below same could see a test of 39600 level, And resistance is now
likely to be seen at 40000, a move above could see prices testing 40200. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 40000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
40000
|
39800
|
39600
|
Bearish
|
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