YESTERDAY'S CALL UPDATE:
SELL GOLD 29900 SL 30250 TGT 29700-29500.
SELL SILVER 41200 SL 40500 TGT 40900-40500.
Gold: Gold trading range for the day is 29950-29500. Gold is getting support at 29800 and below same could see a test of 29500 level, And resistance is now likely to be seen at 30000, a move above could see prices testing 30150. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above 30000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30150
|
30000
|
29800
|
29500
|
Bearish
|
Silver: Silver trading range for the day is 41700- 40700. Technically Silver is getting support at 41000 and below same could see a test of 40700 level, And resistance is now likely to be seen at 41600, a move above could see prices testing 41800. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41600 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
41800
|
41600
|
41000
|
40800
|
Bearish
|
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