SELL
GOLD 30000 SL 30150 TGT 29750-29650.
SELL
SILVER 41000 SL 41250 TGT 40700-40500.
Gold: Gold trading range for the day is 30200-29600. 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 30100, a move above could see prices testing 30300. Gold is
trading into negative zone and traders can hold sell positions
until Gold closes above 30100 levels. Traders can initiate short positions
on every rise until Gold closes above 30100 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
30300
|
30100
|
29800
|
28500
|
Bearish
|
Silver: Silver
trading range for the day is 41600-40500. Technically Silver is getting support
at 40900 and below same could see a test of 40500 level, And resistance is now
likely to be seen at 41200, a move above could see prices testing 41550. Silver
is trading into negative zone and traders can go short at every rise
or hold short positions until Silver closes above 40900 levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
41450
|
41200
|
40900
|
40700
|
Bearish
|
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