Gold: Gold trading range for the day is 26650-29400. Gold is getting support at 29450 and below same could see a test of 29350 level, And resistance is now likely to be seen at 29600, a move above could see prices testing 29700. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29600 levels. Traders can initiate short positions on every rise until Gold closes above 29600 levels.
R2
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R1
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S1
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S2
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TREND
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||
GOLD
|
29750
|
29600
|
29450
|
29300
|
Bearish
|
Silver: Silver trading range for the day is 39700-39000. Technically Silver is getting support at 39400 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39650, a move above could see prices testing 39800. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 39650 levels.
R2
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R1
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S1
|
S2
|
TREND
|
||
SILVER
|
39800
|
39650
|
39400
|
39000
|
Bearish
|
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