Gold: Gold trading range for the day is 28900-29400. Gold is getting support at 29100 and below same could see a test of 28900 level, And resistance is now likely to be seen at 29250, a move above could see prices testing 29400. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29250 levels. Traders can initiate short positions on every rise until Gold closes above 29250 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29400
|
29250
|
29100
|
28900
|
Bearish
|
Silver: Silver trading range for the day is 38800-39600. Technically Silver is getting support at 39100 and below same could see a test of 38800 level, And resistance is now likely to be seen at 39300, a move above could see prices testing 39600. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 39300 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39600
|
39300
|
38800
|
38500
|
Bearish
|
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