WISHING YOU A VERY HAPPY DIWALI !!!!!!!!!!!

May this auspicious festival bring you and your family health, wealth and success. "Wishing you a very Happy Diwali. May all have a super successful trading year."

Gold: Gold trading range for the day is 29900-29300. Gold is getting support at 29500 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29700, a move above could see prices testing 29900. Gold has entered into a negative zone and traders can hold short positions until Gold closes above 29900 levels. Traders can initiate short positions on every rise until Gold closes above 29900 levels.

	R2	R1	S1		S2	TREND
GOLD	29900	29700	29550		29400	Bearish

Silver: Silver trading range for the day is 40200-39400. Technically Silver is getting support at 39600 and below same could see a test of 39400 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	39600		39400	Bearish