Gold: Gold trading range for the day is 29600-29880. Gold is getting support at 29660 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29780, a move above could see prices testing 29880. Gold is trading into a negative zone and traders can hold sell positions until Gold closes above 29800 levels. Traders can initiate short positions on every rise until Gold closes above 29800 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29880
|
29780
|
29660
|
28500
|
Bearish
|
Silver: Silver trading range for the day is 40200-39600. Technically Silver is getting support at 39800 and below same could see a test of 39600 level, And resistance is now likely to be seen at 40000, a move above could see prices testing 40200. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40200
|
40000
|
39800
|
39500
|
Bearish
|
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