SELL GOLD 29600 SL 29800 TGT 29300-29000.
SELL
SILVER 39800 SL 39950 TGT 39550-39200.
Gold: Gold trading range for the day is 29700-29000. Gold is getting support at
29450 and below same could see a test of 29000 level, And resistance is now likely
to be seen at 29650, a move above could see prices testing 29800. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 29650 levels. Traders can initiate short positions
on every rise until Gold closes above 29650 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29750
|
29650
|
29450
|
29350
|
Bearish
|
Silver: Silver
trading range for the day is 39900-39000. Technically Silver is getting support
at 39500 and below same could see a test of 39000 level, And resistance is now
likely to be seen at 39850, a move above could see prices testing 39950. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 39850 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
39950
|
39850
|
38500
|
38000
|
Bearish
|
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