Gold: Gold trading range for the day is 29500-29300. Gold is getting support at 29400 and below same could see a test of 29250 level, And resistance is now likely to be seen at 29500, a move above could see prices testing 29650. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29500 levels. Traders can initiate short positions on every rise until Gold closes above 29500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29650
|
29500
|
29400
|
29200
|
Bearish
|
Silver: Silver trading range for the day is 39300-40200. Technically Silver is getting support at 39500 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39800, 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
|
39800
|
39500
|
39000
|
Bearish
|
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