SELL
GOLD 29700 SL 29900 TGT 29500-29400.
SELL
SILVER 39800 SL 40100 TGT 39500-39200.
Gold: Gold trading range for the day is 29800-29300. Gold is getting support at
29550 and below same could see a test of 29400 level, And resistance is now likely
to be seen at 29700, a move above could see prices testing 29800. Gold has
entered into negative zone and traders can hold short positions until Gold
closes above 29900 levels. Traders can initiate short positions
on every rise until Gold closes above 29900 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29900
|
29700
|
29550
|
29400
|
Bearish
|
Silver: Silver
trading range for the day is 40100-39600. Technically Silver is getting support
at 39600 and below same could see a test of 39400 level, And resistance is now
likely to be seen at 39900, a move above could see prices testing 40100. 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
|
40100
|
39900
|
39600
|
39400
|
Bearish
|
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