Gold: Gold trading range for the day is 30100-29600. Gold is getting support at 29700 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29900, a move above could see prices testing 30000. Gold is trading into a negative zone and traders can hold sell positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above 30000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30100
|
30000
|
29600
|
29500
|
Bearish
|
Silver: Silver trading range for the day is 40600-39800. Technically Silver is getting support at 40100 and below same could see a test of 39800 level, And resistance is now likely to be seen at 40430, a move above could see prices testing 40600. Silver is trading into a negative zone and traders can go short at every rise or hold short positions until Silver closes above 40500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40700
|
40500
|
40100
|
39800
|
Bearish
|
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