SELL
GOLD 29700 SL 29850 TGT 29500-29400.
SELL
SILVER 39800 SL 40100 TGT 39400-39000.
Gold: Gold trading range for the day is 29800-29300. Gold is getting support at
29500 and below same could see a test of 29300 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 29750 levels. Traders can initiate short positions
on every rise until Gold closes above 29750 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29900
|
29750
|
29500
|
28300
|
Bearish
|
Silver: Silver
trading range for the day is 39300-40200. Technically Silver is getting support
at 39500 and below same could see a test of 39300 level, And resistance is now
likely to be seen at 39900, a move above could see prices testing 40200. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 39900 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
39900
|
39500
|
39300
|
Bearish
|
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