SELL
GOLD 29700 SL 29900 TGT 29400-29000.
SELL
SILVER 40700 SL 41000 TGT 40400-40000.
Gold: Gold trading range for the day is 29900-29400. Gold is getting support at
29700 and below same could see a test of 29550 level, And resistance is now likely
to be seen at 29750, a move above could see prices testing 29900. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 29800 levels. Traders can initiate short positions
on every rise until Gold closes above 29800 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29950
|
29800
|
29700
|
29500
|
Bearish
|
Silver: Silver
trading range for the day is 40800-40200. Technically Silver is getting support
at 40600 and below same could see a test of 40500 level, And resistance is now
likely to be seen at 40720, a move above could see prices testing 40900. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 40720 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40900
|
40720
|
40600
|
40450
|
Bearish
|
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