Weekly Support & Resistance for GOLD
Resistance: 30500-31200
Pivot: 30100
Support: 29500-29300
GOLD traded in
sideways last week in the range of 29600-30300.Buying from lower levels and
weak dollar index give strength to gold prices. For the next week major US
economic data like CPI, Unemployment claims and fed minutes are the main key
events. Gold may be trade in the range of 29600-30200 trading below 29600 will
lead to down side to 29200-29100.
Silver: last week
silver traded in range 40500-41800 Silver
may see some profit booking below 40500
till 40000-39700.
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