SELL
GOLD 28900 SL 29100 TGT 28750-28500.MCX.
SELL
SILVER 38400 SL 38750 TGT 38100-37800.MCX
Gold: Gold trading range for the day is 29000-28700. Gold is getting support at
28800 and below same could see a test of 28500 level, And resistance is now likely
to be seen at 29000, a move above could see prices testing 29200. Gold is
trading into positive zone and traders can hold long positions
until Gold closes below 28500 levels. Traders can initiate
long positions on every dip until Gold closes below 28500
levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29200
|
29000
|
28800
|
28500
|
Bearish
|
Silver: Silver
trading range for the day is 38800-38000. Technically Silver is getting support
at 38300 and below same could see a test of 38000 level, And resistance is now
likely to be seen at 38500, a move above could see prices testing 38800. Silver
is trading into positive zone and traders can go long at every
dip or hold long positions until Silver closes below 38300
levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
38800
|
38500
|
38300
|
38000
|
Bearish
|
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